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JD.com to sell Russian goods in China

3 Aug 2015

• 3 Aug 14:36

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JD.com plans to sell Russian food, jewelry, cosmetics and other goods in China by the end of this year, the president of the Chinese e-commerce company’s international business group Victor Xu said this week. “We are negotiating with a number of interested Russian companies and manufacturers,” Xu said. The company’s managers also met Russian officials to discuss Sino-Russian trade, according to Xu. Russian billionaires Alisher Usmanov and Yuri Milner own about 9 percent of the shares of JD.com (through the DST Global fund). Over the last few years, they have invested $780 million in the JD.com. JD.com is following in the footsteps of. Read more...