China's Instant Messaging King Tencent Launches Auction Site

From CCTV:

"Tencent, China's largest online instant communication operator, has started business operation of its C to C platform Paipai.com, after six months of trial operation."

"Backed by Tencent's influence in instant communication business, Paipai.com has been ascending in the market quickly. The quantity of its online goods has exceeded two million. Now Tencent is planning to combine the function of its chatting software QQ with the trading platform."

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