E-commerce is booming in China but cosmetics retailer Jumei has faced criticism from a shareholder for making acquisitions in unrelated fields. Photo: AFP

China’s Jumei completes buy of stake in power bank company against shareholder opposition

An investor in the New York-listed online cosmetics retailer publicly criticises its spending on non-core businesses, saying the company’s value is being destroyed

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E-commerce is booming in China but cosmetics retailer Jumei has faced criticism from a shareholder for making acquisitions in unrelated fields. Photo: AFP
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