JD.com in talks to buy stake worth $1.5bn in brokerage : vim

JD.com in talks to buy stake worth $1.5bn in brokerage


SHARE
JD.com is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations.
A deal to buy the stake from Sinolink's largest shareholder, Yongjin Group, would be the biggest bet in acquisition value terms by Beijing-based JD.com in China's $45 trillion financial market.
"The valuable brokerage licence is key for tech giants to monetise their huge online traffic and grow into bigger firms, as otherwise they have to direct such traffic to other financial institutions," one of the sources said.

Related Keywords

Beijing , China , Huatai , Jiangxi , Byongjin , Jiangsu , Chinese , , Yongjin Group , China Taiping Insurance Holding , China International Capital , Futu Holdings , Reuters , Sinolink Securities , China International , Huatai Securities , Hong Kong Based , Yixin Capital , Business , Technology , Economy , World , East Asia , Asharma , பெய்ஜிங் , சீனா , ஜியாங்சி , சீன , சீனா சர்வதேச மூலதனம் , ராய்ட்டர்ஸ் , சீனா சர்வதேச , ஹாங் காங் அடிப்படையிலானது , வணிக , தொழில்நுட்பம் , பொருளாதாரம் , உலகம் , கிழக்கு ஆசியா ,

© 2025 Vimarsana