Chinese online retailer JD.com raises $2.5 billion for logistics arm

 JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include†Hillhouse Capital, Sequoia China, China Merchants Group, Tencent,… Read More

Chinese online retailer JD.com raises $2.5 billion for logistics arm

BEIJING (Reuters) - JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online ...

Wed 14 Feb 18 from Reuters Technology

JD.comís logistics business raises $2.5B from Hillhouse, Sequoia China and others

 JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 ...

Wed 14 Feb 18 from TechCrunch

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