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'Store of the Future' pop-up exhibition in London. JD.com Inc. has bought a stake in London-based online fashion retailer Farfetch for $397 million, in the Chinese e-commerce company’s largest overseas investment. Exclusive insights on technology around the world. Get Fully Charged, from Bloomberg Technology. The deal seals an alliance between China’s second-largest e-commerce player and the online fashion shop, which is trying to boost its presence in one of the world’s fastest growing markets for upscale goods. JD Chief Executive Officer Richard Liu will join the startup’s board and both companies will work to grow sales in China. JD said it will refer web traffic and help on deliveries, while Farfetch’s customers get to use its partner’s local payments and lending services. Alibaba Group Holding Ltd. in China, is exploring ways to grow its international presence while expanding the scope of its domestic business.

For the original version including any supplementary images or video, visit https://www.bloomberg.com/news/articles/2017-06-22/jd-com-pays-397-million-for-stake-in-fashion-retailer-farfetch

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I’m thrilled to welcome Andy and the entire Bonobos team. They’ve created an amazing product and customer experience, and that will not change. In fact, Andy will be a great influence on the company, especially in leading our collection of exclusive brands offered online.” Bonobos had raised just under $128 million, with the last round in 2014, and had always said it had its sights set on an IPO . Clearly, things took a different turn. In a Medium post  published today, Dunn noted that the company was on the verge of closing a new round of funding, although in the end, it chose the acquisition route instead. One of the big issues is that to win in e-commerce, you need economies of scale, and in that regard it may have proven to be too much of a challenge for the company. What’s interesting is that one of Bonobos’ specialties has been building a connection between online and offline shopping , which is something that Walmart may be interested in tapping. There is another interesting parallel between Walmart and Amazon in its acquisition strategies: both are very much taking a page from Apple’s playbook of aiming at premium customers. Whole Foods is sometimes known as “Whole Paycheck” for being so expensive to shop in.

For the original version including any supplementary images or video, visit https://techcrunch.com/2017/06/16/walmart-to-buy-bonobos-for-310m-in-its-bigger-push-into-fashion-retail/

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