Chinese e-commerce giant JD.com reportedly plans to acquire one of China’s leading securities brokerages.
Domestic media reports that JD.com is currently in the process of negotiating the partial or even full acquisition of Sinolink Securities for a consideration of as much as USD$1.5 billion.
A source from Sinolink said to National Business Daily on 12 March that the company will soon make a public announcement concerning the matter.
Chengdu-headquartered Sinolink Securities was first founded in 1988, and listed on the Shanghai Stock Exchange in 1997.
