In interesting news, Chinese e-commerce company JD.com Inc. has said that it’s exploring the idea of a spinoff of its internet finance unit. It hopes that this might facilitate the expansion of its home market business. In a statement on Tuesday, JD.com said that it is hoping to sell its whole stake in JD Finance to Chinese investors.
Their third-quarter losses have widended by 51% to $121 million from a year ago. JD Finance was first launched in 2013 and offers financial services and products to consumers and small businesses in China.
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