Comment on Tencent to Transfer Its E-commerce Businesses to Chinese Online Retailer JD by JD Accepts Xbox One Pre-orders in China via Tencent's SNS Networks | TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-03-10 00:00:00

Chinese Internet giant Tencent announced today its e-commerce properties, including marketplaces Paipai (C2C) and QQ Wanggou (B2C), will be transferred to JD.com (or JD), the leading Chinese online retailer. Different from what we heard earlier, Tencent’s online retailer Yixun won’t be merged into JD right away. In October 2011 another business-to-customer platform, Buy.qq.com (QQ Wanggou), was launched aiming to attract brands to set up online stores there. Shop.qq.com will be merged into QQ Wanggou in 2013 to compete with Alibaba’s Tmall. Tencent gave e-commerce another try by acquiring 80% in online retailer Yixun in 2012.