E-commerce

JD.com looks to rival Alibaba’s physical presence

Leading online retailer pays $190 million for a 46% stake in China’s third-largest electronics retailer as it aims to strengthen its physical network in its battle with its bigger rival.

JD.com said on Thursday that it will invest Rmb1.27 billion ($190 million) in China’s third-largest electronics retailer as part of a broader effort to bolster its physical presence in third- and fourth-tier cities.

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