Tencent’s aggressive internet shopping spree ramps up pressure for Alibaba

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By Rev Hui
13 Mar 2014

Large acquisitions by Tencent in markets dominated by its biggest rival, Alibaba, could force the latter to raise capital sooner than expected. Some in the market think the pressure could be enough to make the firm accelerate its long-awaited IPO, write Rev Hui and Clare Hammond.

Until recently China’s two biggest technology firms had mostly operated in different sectors — Alibaba is an e-commerce giant and Tencent is China’s largest online games and social messaging company. But recent moves by Tencent mean this looks likely to change.

On March 10, the company announced a ...

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