JD.com to invest $100m in Li & Fung.

JD.com, China’s e-commerce company, agreed to invest $100m in Li & Fung, a Hong Kong-based supply chain manager. The Fung family will continue to retain control of the company with 60% of the voting shares. "Our goal to create the Supply Chain of the Future and to improve the lives of one billion people in our global supply chain remains more relevant than ever in this turbulent world. The partnership with GLP and the addition of JD will be instrumental in further strengthening Li & Fung," Spencer Fung, Li & Fung CEO.