Summary | Earlier reports of e-commerce leader Alibaba's strong
political ties appear to be overstated, following word that
archrival Tencent (HKEx: 700) has become the first of China's
major Internet firms to win a highly sought banking license.
Both companies had been aggressively expanding into financial
services over the past year, though each was reliant on ...
political ties appear to be overstated, following word that
archrival Tencent (HKEx: 700) has become the first of China's
major Internet firms to win a highly sought banking license.
Both companies had been aggressively expanding into financial
services over the past year, though each was reliant on ...
youngchinabiz.com | 01 April 2016