From
ChinaKnowledge:
"
Tencent Holdings Ltd.,
China’s biggest online chat-service provider, plans to invest RMB 100
million to develop internet services as it competes with
Alibaba.com and
eBay.
It aims to increase revenue by selling more services to its QQ Internet
messenger users, and hopes that the new technologies help it win market
share from the two internet giants.
The firm will set up an
Internet research institute, the first of its kind in China, with
centers in Beijing, Shanghai and Shenzhen that will work with
universities to develop technologies."