Tencent, Alibaba take Chinese rivalry abroad; find new ways to defend turf

If the billions of dollars being pumped into India wasn’t indicative enough of the intense competition in e-commerce, a clause in Walmart’s filings to the US Securities and Exchange Commission earlier this month revealed more ways in which global players are trying to defend their turf. The Walmart filing revealed that Chinese internet giant Tencent will have the first right to purchase shares from any other stakeholder in Flipkart in case they plan to sell it to rival Alibaba. Shareholders would be able to sell to Alibaba only if they alert Tencent five working days prior to.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Most Read

Top Stories

Markets

Companies

Opinion

Latest News

Todays Paper

News you can use

Outbrain