Reuters broke the news that JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, as the e-commerce major aims to bolster its financial services operations. A deal to buy the stake from Sinolink’s largest shareholder, Yongjin Group, would be the biggest bet in acquisition value terms by Beijing-based JD.com in China’s $45 trillion financial market.
Business & Finance
Reuters reveals China’s JD.com in talks to buy stake worth $1.5 billion in brokerage
15 March 2021, 2:13 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
