China's JD.com to invest HK$ 1.3 bln in software firm Kingdee

Kingdee International Software Co

18/05/2015 02:53

BEIJING, May 18 (Reuters) - China's JD.com  JD.O  will 
purchase a 10 percent stake in software firm Kingdee  0268.HK  
for HK$1.3 billion ($167.71 million) in a deal announced Tuesday 
that could see the e-commerce giant enter the software business. 
    The companies said they will enter a strategic partnership 
to provide small and medium-sized businesses with business 
management software delivered over the cloud.     
     
     
 
($1 = 7.7515 Hong Kong dollars) 
 
 (Reporting by Gerry Shih; Editing by Michael Perry) 
 ((Gerry.Shih@thomsonreuters.com; +86 133 0137 8331;)) 
 
Keywords: CHINA JD.COM/