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. The e-commerce company has sealed an agreement to acquire a 46% stake […]

JD.com Invests $189M In Chinese Retailer To Tap Into Offline Home Appliances Market comes originally from China Money Network. All Rights Reserved.