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March 9, 2014
21:34 EDTTCEHYTencent, JD.com form strategic partnership
JD.com and Tencent Holdings have formed a strategic partnership aimed at providing "superior" eCommerce services to mobile and Internet users in China.The strategic partnership enables JD to tap Tencent's significant mobile and Internet user base, and Tencent to leverage JD's best-in-class eCommerce services to offer superior user experiences. JD will become Tencent's preferred partner for all physical goods eCommerce businesses. Mr. Martin Lau, President of Tencent, will join JD's Board of Directors...As part of the transaction, JD will acquire 100% interests in Tencent's QQ Wanggou B2C and PaiPai C2C marketplace businesses, logistics personnel and assets, a minority stake in Yixun, and will enter into a strategic cooperation agreement with Tencent. In addition, JD has the right to acquire the remaining stake of Yixun in future. As part of the strategic cooperation, Tencent will support JD's growth in the physical goods eCommerce business by offering level 1 access points in Weixin and Mobile QQ, and support from other key platforms to JD. Both parties will also cooperate on online payment services to improve users' online shopping experience. In connection with the transaction, JD will issue new shares to Tencent. Initially, Tencent will hold approximately 15% in JD upon closing of the transaction. Furthermore, Tencent will subscribe at IPO price for an additional 5% of JD on a post-IPO basis. The IPO subscription is expected to close concurrently with JD's IPO.
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July 28, 2014
06:05 EDTTCEHYJD.com launches Xbox One sales in China
JD.com (JD) began taking China pre-orders for Microsoft's (MSFT) Xbox One gaming console. As part of an agreement between the companies, JD.com will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30 through JD.com's Mobile QQ and Weixin entry points. Vice president of JD.com in charge of the IT and Digital Business unit Shuang Du said, "Through our partnership with Tencent (TCEHY), Chinese consumers are increasingly able to enjoy the JD.com shopping experience directly on China's most popular mobile communications platforms. We will continue to focus on providing the most convenient channels for Chinese consumers to purchase authentic products through their mobile devices." On July 31, the JD.com website and JD.com's exhibition booth at the ChinaJoy Expo in Shanghai will also begin taking pre-orders. Reference Link

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