EXCLUSIVE-China's JD.com in talks to buy stake worth $1.5 bln in brokerage - sources
* JD.com in talks with Yongjin over Sinolink stake - sources * Yongjin holds a 27% stake worth up to 10 bln yuan - sources * Deal would be JD.com’s biggest financial sector play -sources HONG KONG, March 12 (Reuters) - JD.com Inc 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 $4...
Source: reuters.com