TOKYO — Another big investment has deepened a struggle for primacy among China’s online giants.
Tencent Holdings, the biggest Internet company in China, said Monday that it had invested $448 million for a 36.5 percent stake in Sogou, a search engine. The move helps Tencent, which provides popular online games, social networking and Internet messaging services, keep pace with its main rivals, Alibaba and Baidu, which have been moving to challenge Tencent with deals of their own.
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Eric Pfanner, The New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Etw8HCtgGXg/
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