LINE

    Text:AAAPrint
    Economy

    JD.com's finance unit raises $2 billion

    1
    2018-07-12 14:13:52Global Times Editor : Li Yan ECNS App Download

    JD.com Inc's finance arm has raised at least 13 billion yuan ($1.96 billion) in fresh equity from Chinese investors, doubling its valuation ahead of an expected initial public offering, according to people with direct knowledge of the matter.

    The fundraising underscores investor enthusiasm for big, privately held Chinese technology companies, even as public valuations falter.?

    This week, smartphone maker Xiaomi completed the world's largest tech IPO in almost four years, but saw its shares fall on debut in Hong Kong even after pricing its deal at the low end of its offered range.

    JD Finance's fundraising round, which kicked off late last year, establishes its valuation at 120 billion yuan, the sources told Reuters.

    The valuation is double the roughly 60 billion yuan JD Finance was estimated to be worth after it was split from JD.com, China's second-largest e-commerce firm, in mid-2017.

    More investors could yet join the fundraising, said one of the sources, meaning that JD Finance's final valuation may rise further.

    Big investors in this round include CICC Capital, a unit of investment bank China International Capital Corp (CICC), brokerage China Securities, private equity firm Citic Capital and BOCGI, Bank of China's investment arm, the sources said.

    JD Finance said the fundraising has yet to be completed and declined to comment further.?

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 同仁县| 凤冈县| 乌兰浩特市| 宁化县| 白银市| 锡林浩特市| 金阳县| 濮阳县| 绥滨县| 昌都县| 桐庐县| 界首市| 安乡县| 隆昌县| 太谷县| 同仁县| 洪江市| 平阴县| 鄱阳县| 玉田县| 吉水县| 甘孜| 定结县| 西乡县| 仙游县| 称多县| 民县| 井陉县| 丰原市| 华亭县| 台安县| 海伦市| 越西县| 神木县| 维西| 察雅县| 盖州市| 鄂托克前旗| 嘉兴市| 长春市| 达拉特旗|