Tencent and JD.com continue shopping spree with Chinese retail chain Better Life

Tencent and JD.com have again teamed up to purchase a stake in Chinese retail chain Better Life Commercial, as the two tech giants work to challenge Alibaba’s retail dominance in China.
Tencent and JD.com will pay $140 million and $117 million, respectively, for the minority stake which aims to extend their retail presence in China.
The Chinese retail market is currently dominated by market leader Alibaba, however, JD.com is gaining share in its number two position.
The deal will see Tence