Saudi prince takes stake in Chinese e-commerce company

02/17/2013 | Wall Street Journal, The

Kingdom Holding, an investment firm owned by Saudi Prince Alwaleed bin Talal, has invested about $400 million in China's Jingdong Century Trading, parent of 360buy.com. The website is the second-largest online retailer in China, where online sales are forecast to reach $356 billion by 2016, according to Forrester Research.

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