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

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

REUTERS/Aly Song

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.

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