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JD.com invests $397 million into Farfetch as part of strategic partnership

JD.com, China’s largest e-commerce site has entered into a strategic partnership with luxury fashion e-commerce giant, Farfetch. As part of the deal JD will invest $397 million into Farfetch and Richard Liu, JD.com’s founder and CEO, will join Farfetch’s board. The two companies will partner on marketing, logistics and technology solutions to build the luxury site’s presence in China. “As part of …

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M.Gemi raises $16 million to push data-backed supply chain

M.Gemi, a Boston-based direct-to-consumer shoe brand, has raised $16 million in Series C funding. The company has raised a total of $47.2 million to date. BurdaPrincipal Investments, the growth capital arm of German media company Hubert Burda Media, led the funding. The company’s previous investors Accel, General Catalyst Partners and Forerunner Ventures also contributed to the investment. “M.Gemi is truly …

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Marine Serre wins €300,000 LVMH Prize

French designer Marine Serre has won the 2017 LVMH Prize for Young Fashion Designers and a €300,000 award. Serre is known for her references to culture, sportswear and traditional techniques. “They’re easy to wear, put on, zip up,” she told The Cut. “That’s the brand — easy wear but desirable.” In recognition of the  talent present in this year’s competition, the …

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Sequoia Capital raises $4 billion for four funds

Sequoia Capital has raised $4 billion in funding for four investment funds, according to a slew of Form D’s recently filed with the U.S. Securities and Exchange Commission.  First is a $2 billion raise for its second growth fund, then a $900 million raise for Sequoia’s China Growth Fund IV to invest in the Chinese market. The firm has also raised …

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