Sources: Alibaba and Tencent are in early-stage discussions about buying roughly 20% of WPP China, valuing the business between $2B and $2.5B — Alibaba Group and Tencent Holdings, the two biggest names in China's technology industry, are in talks to buy a stake in the $2.5bn (£1.9bn) Chinese operations of WPP Group.
from Techmeme https://ift.tt/2LcVkaw
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