Perspectives
Wu Xiaoguang, senior VP of internet giant Tencent, said yesterday that the company has firmly committed itself to further investment in the logistics industry. Details revealed by a source within Tencent’s e-commerce division suggest that over the coming 5 years, the company plans to put tens of millions of RMB into developing profitable and long-term B2C logistics partners.
Wu said that following a year of investments, mergers and restructuring, Tencent’s e-commerce operations now revolve around its B2B2C e-commerce platform QQ Buy (buy.qq.com), QQ Mall (mall.qq.com), and the company’s B2C & C2C e-commerce platform, Paipai.com. Of those, QQ Buy partners mainly with independent B2C sites, QQ Mall primarily with traditional brands, and Paipai with individual entrepreneurs and small and medium enterprises.