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.

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