Announced
Financials
Sources
Tags
Single Bidder
Domestic
platform
E-commerce
China
Private
Friendly
Acquisition
Disposal
Pending
Minority
e-commerce platform
e-commerce
Synopsis
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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