The transaction offers Secoo a chance to collaborate with existing L Catterton porfolio companies and boost its recognition internationally.

Chinese online retailer JD’s anniversary sale is a midyear shopping festival now also celebrated by its biggest competitor, Alibaba, as well as other online and off-line retailers.

The initiatives include certain JD products going up for sale through Google Shopping in multiple regions.

The online boutique will carry a curated selection of designer goods.

Luxury boss Bernard Arnault has drafted the heads of JD.com, Farfetch and IBM into the jury for the LVMH Innovation Award for start-ups.

Transactions that show how Walmart, Amazon, Alibaba and JD.com are buying skills and market share in their global consumer battle.

JD, the number-two e-commerce company in China behind Alibaba, said the competition has tried to take brands “hostage.”

The former A|X Armani Exchange ceo is helping brands connect with the Chinese e-commerce platform.

Big data and online to off-line initiatives are being used by Alibaba and JD.com to attract luxury partners to their respective platforms.

It compares to a net loss of $315.2 million for 2016.

JD said mid to high-end beauty brands are becoming increasingly popular among Chinese consumers.

The two have inked an “exclusive global multiyear innovation partnership” to make stores attractive to connected Millennials in the future.

The new structure is set to accelerate Wanda Commercial’s growth, helping the company to achieve its goal of 1,000 Wanda Plazas in China “as early as possible”, the company said.

The Chinese e-commerce giant hopes to recruit French brands and help them access the Chinese market.

The Southeast Asian country holds one of the fastest growing online markets in the world.