China’s JD Sells 574,000 Smartphones In Tencent Five-day Promotion
China’s second-largest e-commerce company JD.com sold 574,000 smartphones in a five-day promotion offered exclusively on Tencent’s Mobile app known as QQ, showing that the partnership has paid off. Investors have scrutinized JD and Tencent, China’s biggest mobile gaming and social media company, for signs of benefits from a $215 million partnership deal, in which Tencent took a 15 percent stake in JD. But the two companies have touted the potential for selling JD’s inventory, including big-ticket electronic devices, via Tencent’s popular mobile apps such as QQ and WeChat.
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