Luxury online marketplace Farfetch has netted a $397 million investment from Chinese retailer JD.com. The deal will see the two companies form a partnership to roll out a luxury ecommerce platform across China, while JD.com’s founder and CEO, Richard Liu, will join the London-based company’s board. The news follows the announcement of Farfetch's partnership with editorial powerhouse Condé Naste earlier this month, as well as Sky News reports suggesting the business was
considering an IPO.
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.
Completed VC deals in Europe with Chinese investors
Continued fundraising activity also indicates that the appetite for European deals from Chinese VC investors could continue. Last year, for example, Chinese-backed Cocoon Networks launched a £500 million fund for investment into tech-focused European companies. While in May, Silk Ventures
closed a $500 million vehicle focused on late-stage European and US companies looking to move into China.