Tuesday, January 6, 2015

Wanda E-commerce raises US$161M to challenge Alibaba

The joint venture between Dailan Wanda Group, Tencent and Baidu grabbed*funding from Centec Networks and Xude Rendao China’s Wanda E-commerce has announced securing an investment of US$161 million from Centec Networks and Xude Rendao. This latest round of funding values*the four-month old company*at over US$3 billion. This makes the startup, which is a joint venture...



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