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February 14, 2018 07:35 am GMT
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 includeHillhouse Capital, Sequoia China, China Merchants Group, Tencent,… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mK2aXQFd_Nw/
JD.coms 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 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who includeHillhouse Capital, Sequoia China, China Merchants Group, Tencent,… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/mK2aXQFd_Nw/
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