JD's funding isn't Farfetch's first Chinese investment. IDG Capital, a VC firm headquartered in Beijing, participated in the company's $110 million Series F round last year.
Greater Chinese VC investments in European companies are actually on the rise, per the PitchBook platform, despite a notable slump in Chinese M&A activity in Europe. With 22 completed deals so far, 2017 is on track to smash last year’s record of 37 deals. Notable investments this year include Horizons Ventures’ participation in the $502 million round for Improbable, as well as Taiwan-based Foxconn’s involvement in the $75 million investment into French IoT company Actility.
Completed VC deals in Europe with Chinese investorsclosed a $500 million vehicle focused on late-stage European and US companies looking to move into China.