China's sees full-year capex at 3.5-4.5 bln yuan

BEIJING Fri Aug 15, 2014 8:35am EDT

BEIJING Aug 15 (Reuters) - Inc sees its full year 2014 capital expenditure at 3.5-4.5 billion yuan ($569-732 million), company executives said after its second-quarter results.

China's No. 2 e-commerce company posted a widening quarterly net loss year on year, hit by costs related to a partnership with Tencent Holdings and higher spending to compete with market leader Alibaba Group Holding. (1 US dollar = 6.1470 Chinese yuan) (Reporting by Paul Carsten; Editing by David Goodman)