JD.com renews strategic cooperation agreement with Tencent
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JD.com (NASDAQ:JD) renewed the strategic cooperation agreement with Tencent (OTCPK:TCEHY) for three years; value of which is expected to be paid or spent in cash and in the form of the company's shares combined.
Tencent will continue to offer the company prominent Level I and Level II access points on its Weixin platform to provide traffic support, and the two parties also plan to continue to cooperate in a numerous areas including communications, technology services, marketing and advertising, and membership services, among others.

Under the consideration, JD.com will issue to Tencent a certain number of its Class A ordinary shares for a consideration of up to $220M.
Both parties will leverage this mutually beneficial partnership to provide better and more convenient shopping experience for users.