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January 18, 2016 07:06 am GMT
Alibaba isn’t the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba’s Ant Financial raised an undisclosed round last summer at a colossal $45-$50 billion valuation, its rival e-commerce giant JD.com’s money-focused unit is also in the money after it took in RMB 6.65 billion from a clutch of… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nSdUBRZo0tE/
JD.coms Financial Services Arm Lands $1B Led By Sequoia China At $7.1B Valuation
Alibaba isn’t the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba’s Ant Financial raised an undisclosed round last summer at a colossal $45-$50 billion valuation, its rival e-commerce giant JD.com’s money-focused unit is also in the money after it took in RMB 6.65 billion from a clutch of… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/nSdUBRZo0tE/
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