China’s JD.com invests $397m in PE-backed Farfetch
China-based JD.com has invested $397 million in UK-based Farfetch, a PE-backed online luxury fashion retailer, as part of a new strategic partnership to pursue growth in China.
The Chinese e-commerce player will become one of the largest shareholders in Farfetch, while its founder and CEO, Richard Liu, will take a seat on the company’s board, according to a statement. Last...
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