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Sinopec, Tencent sign cooperation agreement

China Petroleum and Chemical Corp, or Sinopec Group, signed a cooperation agreement with Internet giant Tencent Holdings on Tuesday to jointly explore opportunities in mobile payment, map navigation, online to offline, cross marketing and other businesses. The two companies hope to exploit their unique advantages to serve the customers better. Fu Chengyu, chairman of Sinopec, said that the non-fuel sector, which has huge potential, will be a gold mine for the company in the long run.

E-commerce volumessurge in Guangdong