JD, the Chinese e-commerce giant has made a strategic investment in Gome Retail, buying US$100 million of convertible bonds. Gome Retail is one of China’s largest electronic retailers.
The company is currently in the midst of a major transition and restructure from a brick-and-mortar-dominated format into a multichannel digital business anchored around its online platform. It is also expanding its physical store network into low tier cities and rural locations across China.
