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

from iFeeltech IT News Mix4 https://techcrunch.com/2017/06/21/jd-com-invests-397m-into-luxury-marketplace-farfetch-as-part-of-a-new-strategic-partnership/?ncid=rss