{"id":162991,"date":"2020-02-04T13:04:51","date_gmt":"2020-02-04T13:04:51","guid":{"rendered":"https:\/\/www.theindustry.fashion\/tencent-holdings-and-dragoneer-to-invest-250m-in-farfetch\/"},"modified":"2021-08-12T14:06:44","modified_gmt":"2021-08-12T14:06:44","slug":"tencent-holdings-and-dragoneer-to-invest-250m-in-farfetch","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/tencent-holdings-and-dragoneer-to-invest-250m-in-farfetch\/","title":{"rendered":"Tencent Holdings and Dragoneer to invest $250m in Farfetch"},"content":{"rendered":"
Farfetch has announced it has received a $250 million investment<\/strong> from Chinese internet giant Tencent Holdings and San Francisco-based investor Dragoneer, to fuel further growth and expansion.<\/p>\n <\/p>\n Tencent committed to invest $125 million, while Dragoneer agreed to invest the remaining $125 million<\/strong>, the online fashion marketplace announced. The investment is in convertible senior notes issued by Farfetch<\/strong>, which can be later converted into stock, with the notes maturing in 2025.<\/strong><\/p>\n Farfetch said in a statement: \"The additional capital supports Farfetch's long-term strategy of delivering a global technology platform for the luxury fashion industry and facilitates the company's continued focus on executing its growth plans<\/strong>, including in the key China market, and driving towards operational profitability.\"<\/p>\n The London-based fashion ecommerce platform said its latest round of funding would be used to help the company with its global growth ambitions,<\/strong> specifically expanding its efforts in China as it looks to reach profitability.<\/p>\n Farfetch now serves customers in 190 countries, with items from more than 50 countries and over 1,200 brands, boutiques and department stores. Last November, Farfetch shares\u00a0jumped 16%<\/strong><\/a>\u00a0after the global online fashion marketplace posted a narrower-than-expected quarterly loss.<\/p>\n","protected":false},"excerpt":{"rendered":" […]<\/p>\n","protected":false},"author":49,"featured_media":139763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6],"tags":[9865,9816,9921,11222,15901,15902],"acf":[],"yoast_head":"\n