Local media reported that Tencent this week would be holding an internal meeting featured around 300 merchants discussing its buy.qq.com, signaling that the company is considering opening up its B2C platform. Having received $1billion investment from Tencent, the e-commerce subsidiary of the penguin Kingdom is speeding up. A Tencent staff revealed that, user experience and logistics would be the unit’s main focus of future development.

A Well-selected Merchants Team

Instead of blindly expanding the scale, Buy.qq.com, the B2C platform of Tencent, was serious and cautious in selecting partners. The platform has strict requirements of the boarding members on fronts like service, scale and products quality. “We selected out 300 merchants for the first batch that got on board, and later on we will invite more and by year’s end possibly 1000 will have joined,” said Wu Haiquan, senior operation director of QQBuy, the platform.

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com