Saudi prince leads $400 million investment in 360Buy

Alwaleed bin Talal buys into China’s second-biggest online retailer.

Kingdom Holding, chaired by Saudi Arabia’s Prince Alwaleed bin Talal, is leading a consortium in the acquisition of a $400 million strategic stake in 360Buy Jingdong, China’s biggest online business-to-consumer retailer after Alibaba’s Tmall.

The size of the stake was not disclosed when the Saudi group announced the deal on Friday, but 360Buy was reportedly valued at around $7.25 billion when it last raised financing in November a $400 million round of funding led by...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...