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Tencent, Baidu and Alibaba Compete in Investing

In May, Tencent invested RMB 84.4 million (US$ 13.1m)  in online travel service eLong and RMB 445 million (US$ 69.1m)  in film production Huayi Brothers.  As for June, Baidu invested RMB 306 million (US$ 47.6m) in another travel services aggregator Qunar. And in July, Alibaba Group led the US$ 50 million funding for group buying […]