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JD.com takes majority stake in Lätt Liv

JD.com Inc. bought a majority stake in Chinese lifestyle retailer Lätt Liv from private equity firm Jade Invest, Deal Street Asia reported Aug. 15.

Lätt Liv sells a range of items including fashion accessories, beauty and body products, bags and household products. The Hong Kong-based company has more than 300 outlets in China and 20 stores globally.

Financial terms of the deal were not disclosed.