Tencent Holdings Ltd's new partnership with China's No. 2 online retailer JD.com takes aim at dominant rival Alibaba's Achilles heel - its weakness in mobile - in a move set to reshape the country's e-commerce industry.The deal gives JD.com a headline slot on Tencent's WeChat app that dominates China's smartphones, an entry into eBay-style consumer-to-consumer shopping and a backer with the muscle to help it make the most of a logistics infrastructure that Alibaba lacks.It also burnishes the appeal of JD.com's planned $1.5 billion U.S. listing while taking some shine off Alibaba's own IPO, which is expected to be worth $15 billion."JD was competing with Alibaba...however the scale was too small. But now with the WeChat platform that's a game changer," said Bryan Wang, a Beijing-based vice president with Forrester Research.
Forrester Research, Inc. (Forrester) is an independent research company. Shares of FORR traded higher by 3.29% or $1.24/share to $38.94. In the past year, the shares have traded as low as $28.88 and as high as $41.36. On average, 48875 shares of FORR exchange hands on a given day and today's volume is recorded at 92596.
Source
