Tag Archives: tcehy

Alibaba, Baidu, Tencent Riding Online Health Wave

China’s online health care market is expected to hit $3.2 billion in 2015, up 60%, according to a new report, and that’s good news for Baidu (BIDU), Alibaba Group (BABA) and Tencent Holdings (TCEHY). China’s big three Internet giants are expanding their health offerings there. A steady increase in the Internet penetration rate in China, which reached 48.8% in the first half of 2015, is driving the trend, according to Marbridge Consulting’s report.

Alibaba, Baidu In Another China Food Fight?

China e-commerce giant Alibaba Group (BABA) is looking to sell its 7% stake in Chinese online discounts site Meituan-Dianping for about $1 billion, according to a report Monday in the Wall Street Journal. Alibaba-backed Meituan.com and Tencent Holdings (TCEHY)-backed Dianping Holdings merged last month to create China’s leading online booking and discounts platform, similar to Groupon (GRPN). Alibaba could instead become a major shareholder in

Facebook, Tencent, Snapchat Ride Messaging Boom

Facebook (FB)-owned WhatsApp and Messenger are “global powerhouse” apps for mobile messaging, a crowded and growing field that will have attracted 1.4 billion global users by year’s end, says eMarketer in its first report on this industry. Privately held Snapchat is also a major player in mobile messaging, eMarketer said, as is WeChat, the mobile text and voice messaging communication service that China Internet giant Tencent Holdings (TCEHY)