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Tencent Pays $15 Million For 15% Stake In JD.com

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According to Wall Street Journal, the Chinese Giant, Tencent, has agreed to pay $215 million for a 15% stake in JD.com.

JD.Com’s planning on a  $1.5 billion IPO.

JD.com, formerly known as 360buy.com, is a distant second in the Chinese e-commerce market to Alibaba’s shopping sites, Taobao.com and Tmall.com.

It was recently revealed that 360buy.com paid $5 Million dollars for the domain name JD.com.

The company announced the change from 360buy.com to JD.com last March.

 

 

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.