JD.com Invests $189M In Chinese Retailer To Tap Into Offline Home Appliances Market

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Chinese e-commerce giant JD.com has agreed to invest RMB1.27 billion (US$189.69 million) in the country’s offline retail chain Jiangsu Five Star Appliance Co Ltd on late Wednesday, raising the stakes in the Chinese household appliances market to take on its homegrown competitor Suning.com.

China Money Network

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