All three of China’s internet giants are investing in this one Apple manufacturer

China’s top internet companies are fierce, territorial rivals, competing both for users and companies to invest in. But they’re putting all that aside to go in on one of the biggest Chinese IPOs in years. A filing (link in Chinese) to the Shanghai Stock Exchange registered Sunday (May 27) reveals that Alibaba, Baidu, and Tencent—China’s respective leaders in e-commerce, search, and social media—have each purchased shares in Foxconn Industrial Internet (FII), one of Apple’s major manufacturing partners.

Link: All three of China’s internet giants are investing in this one Apple manufacturer
via qz.com

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