Baidu, Tencent Retreat From $3 Billion Tie-Up With Chinese MogulDavid Ramli and Lulu Yilun Chen
The JV with Wang Jianlin was to have revolutionized shopping
Ffan.com was positioned to become a world-class platform
Baidu Inc. and Tencent Holdings Ltd. have pulled out of a $3 billion venture with one of China’s richest men, barely two years after it was launched with the ambition of revolutionizing mall shopping.
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