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Business deals to buy 9% stake in Chinese consumer electronics seller

Web retailer looks to expand presence in smaller cities

A sign of China's e-commerce company is seen at its shop at a mall in Shanghai, China October 26, 2018.   © Reuters

BEIJING -- Chinese online retailer will buy a 9% stake in Beijing Digital Telecom, which operates brick-and-mortar stores that sell phones, computers, and other consumer electronics in China, said in a press release.

This move will expand's offline presence in China, especially in the country's lower-tier cities. Beijing Digital Telecom now runs more than 3,000 stores in China.

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