JD.com enters into a strategic partnership with UK fashion retailer Farfetch
BY - Vaishnavi Gupta
Assistant Editor, IndianRetailer.com & Retailer Media Jun 22, 2017 /
/ 1 MIN READ
Assistant Editor, IndianRetailer.com & Retailer Media Jun 22, 2017 /
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Chinese e-commerce firm, JD.com Inc has announced that it will invest $397 million in UK fashion retailer, Farfetch UK Ltd.
JD will become a major shareholder in the firm following the transaction, and its CEO Richard Liu will join Farfetch's board, it said in a statement.
JD says it will leverage the UK retailer to expand its luxury sales channels in China.
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