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JD's  (京东)closing price on June 26 was $43.08, raising their total market value to $61.149 billion. They are quickly approaching to Baidu's total market value of $61.973 billion at the time, thus threatening the existing group of tech giants BAT: Baidu, Alibaba, and Tencent. In comparison, Baidu is lagging behind the other two in terms…

On March 24th, when Tencent announced COO Mark Ren as the new president of Online Media Group (OMG), it heralded a new era for Tencent to compete with Toutiao, a news cluster App which claims 600 million users in China. For Mark Ren, starting a new with a clean slate, this move had been in…