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China buys stake in jd.com

China’s Tencent has announced it’ll pay $215 million for a 15% stake in JD.com, as the two firms seek to challenge the dominance of Alibaba, China’s largest e-commerce company. http://dealbook.nytimes.com/2014/03/09/chinas-tencent-to-buy-stake-in-jd-com-as-part-of-e-commerce-push/?ref=technology

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