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Tencent, Said in Talks to Combine E-Commerce Business

Tencent Holdings Ltd., Asia’s largest Internet company, is in talks to combine its e-commerce operations with Chinese online retailer Inc., according to two people familiar with the matter.

The companies are considering options that may involve Tencent injecting its online shopping operations in return for a 6 percent stake in Beijing-based, one person said, asking not to be identified because the discussions are confidential.