Alibaba, Tencent rally troops amid S$13.1 billion retail battle

February 19, 2018 5:14 PM

SHANGHAI (REUTERS) – China’s tech giants Alibaba Group and Tencent, worth a combined US$1 trillion (S$1.31 trillion), are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets.

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