Date
25 September 2017

Tencent, Baidu, Qihoo 360 may invest in JD.com, Caijing reports

Domestic e-commerce site JD.com has invited Tencent Holdings Ltd. (00700.HK), Baidu Inc. and Qihoo 360 to become cornerstone investors in its planned initial public offering in the United States this year, news website Caijing.com.cn reported Monday. The move to make renowned internet firms key investors could help JD.com raise its valuation during the IPO, the report said. A deal between JD.com and Tencent could be announced around March 10, persons with knowledge of the matter were quoted as saying.

– Contact HKEJ at [email protected]

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