JD.com invests $397M in e-commerce platform Farfetch

|About: JD.com (JD)|By:, SA News Editor

JD.com (NASDAQ:JD) -1.5% premarket after paying $397M for a stake in fashion retailer Farfetch, which the companies say "allows Chinese consumers to access Farfetch's unique curation of the best luxury brands online."

JD will become one of the largest shareholders of Farfetch, and JD CEO Richard Liu will join the Farfetch board.

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