With help from Tencent and Baidu, China’s shopping mall king just ventured into e-commerce

Nearly a year after three giant Chinese companies teamed up to take on Alibaba, the newly-minted e-commerce store finally and quietly launched this week. The site, Ffan, is the result of a billion-dollar joint venture between Tencent, Baidu, and Wanda Group, a conglomerate best known for its chain of movie theatres and malls. The joint venture…