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.

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