Tencent and Dragoneer to invest $250m in Farfetch.

Tencent, a global technology pioneer, and Dragoneer, a San Francisco-based investment firm, agreed to invest $250m in Farfetch, a global technology platform for the luxury fashion industry. Closing of the Transaction is subject to customary conditions. The additional capital supports Farfetch’s long-term strategy of delivering a global technology platform for the luxury fashion industry and facilitates the company's continued focus on executing its growth plans, including in the key China market, and driving towards operational profitability. “I am pleased to have Tencent and Dragoneer as part of the Farfetch investor base. Tencent’s deep technology expertise and ongoing relationship with Farfetch, paired with Dragoneer’s expertise in supporting growth-oriented technology companies, makes both investors outstanding partners to support Farfetch’s next chapter of growth. As we continue to execute on our long-term strategy, we believe that this investment supports Farfetch in delivering on the significant opportunity we see and scaling our business to achieve profitability in the medium term,” José Neves, Farfetch Founder, CEO and Co-Chair.