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Careless driving

12 January 2015 By Robyn Mak

E-commerce group JD.com is buying 25 pct of car portal Bitauto for $1.2 bln. Yet two-thirds of the value is in the form of “resources”, like handing over part of JD.com’s website. Though a tie-up may make strategic sense, shareholders have to take the financial benefits on trust.

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