Chinese e-commerce giant JD.com’s luxury online shopping platform Toplife will merge into Farfetch China, a subsidiary of the world's leading luxury retailer Farfetch, according to a strategic cooperation agreement the two companies reached on Thursday.
According to JD.com, the move will also allow its users to shop for Farfetch items from JD’s apps.
In 2017, JD.com invested $397 million into NYSE-listed Farfetch. The deal made JD.com one of Farfetch’s largest shareholders, and sent JD.com founder and CEO Richard Liu onto Farfetch's board.
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