JD.com picks 33% stake in insurer Allianz’s China unit for $85m

JD.com
FILE PHOTO - A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo

JD.com Inc will invest 536.6 million yuan ($85.4 million) for a 33 percent stake in the China unit of global insurance giant Allianz SE, the companies said, as part of the Chinese e-commerce firm’s push into financial services.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Should your colleagues be reading this article too? Contact us for corporate subscriptions at subs@dealstreetasia.com.