BEIJING -- Chinese online retailer JD.com 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, JD.com said in a press release.
Business deals
JD.com 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 JD.com is seen at its shop at a mall in Shanghai, China October 26, 2018. © Reuters
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