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China's JD.com to invest HK$ 1.3 billion in software firm Kingdee

Published 18/05/2015, 03:09
© Reuters. Liu, CEO and founder of China's e-commerce company JD.com, rides an electric tricycle as he makes a delivery run in Beijing

BEIJING (Reuters) - China's JD.com will purchase a 10 percent stake in software firm Kingdee for HK$1.3 billion (107 million pound) in a deal announced Tuesday that could see the e-commerce giant enter the software business.

The companies said they will enter a strategic partnership to provide small and medium-sized businesses with business management software delivered over the cloud.

© Reuters. Liu, CEO and founder of China's e-commerce company JD.com, rides an electric tricycle as he makes a delivery run in Beijing

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