JD.com Invests $700 Million In Chinese Supermarket Chain Yonghui

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JD.com, China’s second-largest e-commerce site, has agreed to invest 4.3 billion yuan ($700 million) for a 10% stake in Chinese supermarket chain Yonghui Superstores, it said today. Fuzhou-based Yonghui, which had 36.7 billion yuan($5.9 billion) in sales last year, this year cracks Forbes Asia’s Fabulous 50 Companies List for the first […]

Vía Forbes Real Time http://onforb.es/1HvlvKV