Tencent revealed today that 58.com’s listings will be integrated with WeChat, a messaging app, as well as with Tencent’s QQ IM. Tencent is paying USD 40 per share for 58.com.
In May 2014, Tencent has revealed plans to acquire an 11.3% stake in digital mapping service provider Navinfo, reuters.com reports.
Check out our Cross-border Ecommerce Research section for more info on specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation in China.
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