China's Cosmo Lady, JD.com to launch $159m M&A fund

China's Cosmo Lady, JD.com to launch $159m M&A fund

Chinese Yuan notes. Photo: Reuters

Hong Kong-listed investment holding firm Cosmo Lady Holdings Company Ltd (Cosmo Lady) has entered into an agreement with a unit of online retailer JD.com to establish an acquisition fund with a target size of Rmb1 billion ($158 million).

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