China’s Tencent, JD.com invest $863 million in online retailer Vipshop

BEIJING, Dec 18- Chinese internet giant Tencent Holdings Ltd said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd, upping its rivalry in retail with Alibaba Group Holding Ltd.. Tencent will invest $604 million in exchange for a 7 percent stake in Vipshop, while e-commerce firm JD.com Inc- a long-standing ally- will…

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