JD-Tencent Playbook: Alibaba Can’t Be Left to a Single Competitor
In addition to making individual efforts to counter Alibaba (BABA), JD.com (JD) and Tencent (TCEHY) have teamed up to tackle their common rival. JD is competing against Alibaba to be the leading e-commerce company in China, while Tencent’s and Alibaba’s interests clash in many fields, including mobile payment and digital entertainment.