Tencent (OTC: TCEHY) and JD.com (NASDAQ: JD) were both standout performers in the crowded Chinese tech sector this year.
Tencent's stock rallied nearly 70% as it impressed investors with the robust growth of its advertising, social networking, gaming, and fintech businesses. JD's stock soared 160% as its e-commerce revenues surged.
Tencent and JD are already joined at the hip. Tencent owns a 17.1% stake in JD, and JD operates online stores within Tencent's WeChat. Both companies consider Alibaba (NYSE: BABA) to be a mutual adversary.
Source Fool.com