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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • TCTZF.PK - Tencent Integrates Its Online Shopping Platforms 0 comments
    Mar 27, 2013 12:38 AM | about stocks: TCTZF, TCEHY

     

    Prepared by ChinaScope Financial | Source: Xinhua
    • According to the latest media reports, Tencent Holdings Ltd. (00700: HKG) has started to combine its online shopping platforms, namely shop.qq.com and buy.qq.com, into one sole B2C platform on March 26.
    • The new platform, with a unified domain name of buy.qq.com, will raise the entry threshold for retailers. It is expected that 70 percent of the current retailers on buy.qq.com will be eliminated.
    • In the second half of 2013, the back end of the new B2C site would be connected with 51buy, the other B2C platform owned by Tencent. Once the platforms are connected, an initial batch of around 100,000 products on buy.qq.com would be delivered through 51buy's logistics channel. In addition, buy.qq.com and 51buy will unify product orders, customer accounts, and payment systems by the end of July 2013.
    • After the integration, the number of Tencent's e-commerce platforms will decrease to three, which are buy.qq.com (a B2C platform providing branded products and quality services), paipai.com (a C2C platform similar to Alibaba's Taobao), and 51buy.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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