JD.com takes $85 million stake in Allianz China unit

JD.com Inc will invest 536.6 million yuan ($85.4 million) for a 33 percent stake in the China unit of global insurance giant Allianz SE, the companies said, as part of the Chinese e-commerce firm's push into financial services.The investment will make JD.com the second largest shareholder in Allianz China, said the insurance firm in a filing on Monday.JD.com spun out its finance unit in 2017 and earlier this month Reuters reported it aims to raise $1.9 billion in fresh equity that will potential