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June 22, 2017 06:40 am GMT
JD.com, China’s second-largest e-commerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace for luxury brands, as part of a new strategic partnership. JD.com founder and CEO Richard Liu will take a seat on Farfetch’s board as part of the deal, which makes JD.com one of its largest shareholders. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uGCQZSckfbY/
JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership
JD.com, China’s second-largest e-commerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace for luxury brands, as part of a new strategic partnership. JD.com founder and CEO Richard Liu will take a seat on Farfetch’s board as part of the deal, which makes JD.com one of its largest shareholders. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/uGCQZSckfbY/
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