JD.com invests $100m in Gome Retail

They aim to achieve resource sharing in logistics and installation services.

JD.com is investing in electronic chain Gome Retail and will buy $100m worth of convertible bonds in the company, according to a press release.

According to the agreement, the two sides aim to achieve more synergies and better supply chain integration, as well as resource sharing in logistics and installation services, and other business-related aspects such as financial services.

In the past year, JD.com has invested in Five Star, D Phone, Lecoo and other enterprises, and created a large number of diversified formats, such as JD E-Space, JD Computer and Digital Products Stores and JD Home Appliance Experience Stores.