JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

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 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
https://techcrunch.com/2018/02/13/jd-coms-logistics-business-raises-2-5b/?ncid=rss