China's JD.com to merge luxury venture with local Farfetch unit

China's JD.com to merge luxury venture with local Farfetch unit

REUTERS/Aly Song

Chinese e-commerce company JD.com is folding its high-end Toplife venture into fashion retailer Farfetch‘s business in China, hoping to expand in the luxury goods market where it is vying with Alibaba to attract shoppers.

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