JD.com goes live as founder becomes Internet Billionaire

Photograph by Imaginechina via AP Photo
Liu joined forces with another Billionaire, Pony Ma of Tencent to fight the battle against Alibaba, Baidu and Tencent.

Tencent owns 15 percent stake in JD.com which was purchased for $215 million. JD.com shares is priced at $19 apiece making it’s value around $26 billion.

JD.com runs more like Amazon where they will sell goods directly to people in China while Alibaba is more like an Ebay.

via Business Week

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