Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Innovation & Technology

  • Home
  • Innovation & Technology
  • JD.com buys £314m stake in Farfetch

JD.com buys £314m stake in Farfetch

  • Categories Innovation & Technology
  • Date June 22, 2017
  • Comments 0 comment

Chinese ecommerce giant JD.com has made its largest overseas investment in the UK’s online luxury fashion marketplace Farfetch.

JD.com purchased a $397 million (£313.59 million) stake in Farfetch, solidifying a partnership which will see the head of China’s second largest ecommerce outfit Richard Liu take a place on Farfetch’s board.

This will also make JD.com one of Farfetch’s largest shareholder, although a specific figure of its stake in the company has not been specified.

This comes amid Farfetch’s push to expand in Asia, having raised $110 million (£86 million) to support Chinese expansion in 2014.

The new partnership will allow Farfetch to make use of JD.com’s wide logistics network, alongside online payment technology and social media resources like its partnership with WeChat.

An added bonus for the UK fashion marketplace is an increased ability to tackle counterfeit luxury products produced in the region.

JD.com will also gain from the partnership, pushing into the luxury market and setting itself apart from its rival Alibaba, which has suffered from a reputation of selling counterfeits.

Source: https://www.retailgazette.co.uk

  • Share:
gsiino

Previous post

Amazon, one step closer to crushing America's biggest clothing stores
June 22, 2017

Next post

The Impact of Storytelling on The Retail Market
June 22, 2017

You may also like

vai tomar
Morrisons becomes first UK retailer to deploy Simbe Tally robot as select stores trial the technology
28 April, 2025
macys
Is AI the Next Frontier for Macy’s New CMO?
1 December, 2023
gogole-ai
Google will make fake AI products to help you find real gifts
16 November, 2023

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Reid Evans starts a new position as Head of Data and AI at ‘aligned and ambitious’ US retailer EG America
12Aug2025
Lululemon Opening First Store in Italy
21Jul2025
Check out this article on optimising fashion retail with end-to-end software solutions
24Jun2025
Aldi targets 20 new store locations across the UK
18Jun2025
Retail technology innovation of the week: AI driven age estimation tech goes live at IKI Lithuania stores
13Jun2025

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy