JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership

 JD.com, China’s second-largest e-commerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace for luxury brands, as part of a new strategic partnership. JD.com founder and CEO Richard Liu will take a seat on Farfetch’s board as part of the deal, which makes JD.com one of its largest shareholders. Read More Post by startupsnows.blogspot.com