JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership


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& JD.com, China’s second-largest e-commerce firm after Alibaba, is pumping $397 million into Farfetch, a market for luxurious manufacturers, as a part of a brand new strategic partnership. JD.com founder and CEO Richard Liu will sit on Farfetch’s board as a part of the deal, which makes JD.com one in every of its largest shareholders. Read More