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JD.com Receives Third-party Fund Sales Approval

Tencent Tech, 3/20/14

According to the China Securities Regulatory Commission (CSRC), Beijing-based B2C e-commerce platform JD.com (Jingdong) has been authorized to operate a third-party fund sales platform, making Jingdong the second e-commerce operator in China to open an investment products open platform. Jingdong's third-party fund sales platform will allow institutional investors to open stores and sell investment products directly through the Jingdong site.

Editor's Note: For more information on this topic, please see "34 Fund Management Firms Open Stores on Taobao," MD 1/17/14 issue.

Keywords: financial services e-commerce Internet B2C CSRC open platform Jingdong

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