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New Deal


Announced

JD.com to invest $700m in Xingsheng Selected.

Financials

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Transaction Value£528m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Domestic

platform

E-commerce

China

Private

Friendly

Acquisition

Disposal

Pending

Minority

e-commerce platform

e-commerce

Synopsis

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JD.com, a Chinese e-commerce company, agreed to invest $700m in Xingsheng Selected, a community group buying platform. The investment, which is subject to unspecified customary closing conditions, is expected to create synergies between the businesses of JD.com and Xingsheng in low-tier cities through close collaboration in technology, supply chain, and logistics.

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