Report: JD.com invests in Chinese supermarket chain
A Chinese online retailer’s new partnership will help it expand its physical presence.
JD.com is partnering with Tencent Holdings to invest in Better Life Commercial Chain Share Co Ltd, a Chinese supermarket company. The partners invested $117 million and $140 million, respectively, according to Reuters.
The three companies and existing shareholders agreed to the transactions on Feb. 14, according to the report.
To read more, click here.
JD.com is partnering with Tencent Holdings to invest in Better Life Commercial Chain Share Co Ltd, a Chinese supermarket company. The partners invested $117 million and $140 million, respectively, according to Reuters.
The three companies and existing shareholders agreed to the transactions on Feb. 14, according to the report.
To read more, click here.