JD.com To Acquire 33% Stake In Insurer Allianz China To Beef Up Financial Services

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JD.com Inc., China’s second-biggest e-commerce company, will invest RMB537 million (US$85 million) in Allianz China General Insurance, taking a 33% stake and becoming its second largest shareholder, according to the announcement published by the Insurance Association of China.

China Money Network

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