Wednesday, October 25, 2006

Tencent Makes Investments to Rival Alibaba and Ebay

From ChinaKnowledge:

"Tencent Holdings Ltd., China’s biggest online chat-service provider, plans to invest RMB 100 million to develop internet services as it competes with and eBay. It aims to increase revenue by selling more services to its QQ Internet messenger users, and hopes that the new technologies help it win market share from the two internet giants.

The firm will set up an Internet research institute, the first of its kind in China, with centers in Beijing, Shanghai and Shenzhen that will work with universities to develop technologies."


At 9:55 AM, Anonymous Penny Stocks ready To Run said...

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