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| VIEW EVENT INFORMATION: Tencent |
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Alibaba Competitor Wanda E-commerce Raises $161M At $3B Valuation |
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About the organization Tencent:
Type: Business
Sub-Types: Website, E-Commerce, Online Gaming, Online News, Advertising Agent, Social Networking Agent, Computer Software, Computer |
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Notable Organizations: Techcrunch, Tencent
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| China-based Wanda E-commerce, which hopes to position itself as a rival against Alibaba, has raised one billion RMB (about $161 million) in funding from investment funds Centec Networks and Xude Rendao. Wanda E-commerce says this quadruples its valuation to 20 billion yuan (about $3 billion). |
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