Summary: China’s second largest e-commerce company JD.COM (JD.NASDAQ) has recently invested US$ 397 million in UK-based luxury shopping site Farfetch, as reported by Tencent Finance. As a result of the deal, JD has become one of Farfetch’s largest [ … ]
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JD.COM Reportedly Seeking a Controlling Stake in Online Travel Agency Tuniu
Summary: Chinese e-commerce company JD.COM (JD.NASDAQ) is reportedly in talks with Chinese online travel service provider Tuniu Corp. (TOUR.NASDAQ) to acquire a controlling stake in Tuniu, as PeDaily reports. Neither JD nor Tuniu have commented on the news. Why [ … ]
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JD.COM Announces Six Internal Corruption Cases
Summary: JD.com (JD.NASDAQ) recently disclosed six internal corruption cases, as reported by Tencent Finance. JD has dismissed the employees involved in the corruption cases. Three employees who were involved in two serious corruption cases have been detained [ … ]
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JD Finance Plans to Raise RMB 14 Bln
Summary: JD Finance, the financial arm of JD.com (JD.NASDAQ), plans to raise RMB 14 billion, as reported by Tencent. CSC Financial would be the underwriter of the financing. Why It Matters: JD.com will spin off its finance [ … ]
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