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Alibaba’s arch rival JD.com spins out its financial services business
#HTE
While Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for further M&A, its chief rival in China has made a strategic deal of its own. JD Finance, the financial services business belonging to Alibaba competitor JD.com, is going independent, according to a deal announced yesterday. The business was started…
Read Morehttps://techcrunch.com/2017/03/03/jd-finance-spin-out/?ncid=rss
7 years ago