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Farfetch Acquires JD.com’s Toplife to Create Luxury Gateway Platform

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Farfetch Ltd. has acquired JD.com Inc.’s luxury Toplife business and will merge it into its existing China business, Farfetch China. The deal, disclosed by Farfetch on Thursday, is reportedly valued at $50 million. JD.com Inc., China’s largest retailer, is one of Farfetch’s largest shareholders, having invested nearly $400 million in the London-based company. The combination…

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