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JD Logistics completes new round of US$2.5 bln financing

JD Logistics, a subsidiary of JD.com, one of the major e-commerce platforms in China, has announced the completion of a new round of financing worth about US$2.5 billion, Yicai.com reported.

Major investors in the financing include Hillhouse Capital Group, Sequoia, China Merchant Group, Tencent, China Life, China Development Bank, China Structural Reform Fund, ICBC International and so on.

Though JD.com will maintain its position as the largest shareholder with an 81.4% of the stake, the company has advanced a diversified shareholder structure, attracting investors with a background in state-owned enterprises.

Previously during the Davos winter annual meeting, Liu Qiangdong, the founder of JD.com, said JD Logistics will be listed independently in the future. However, it is too early to discuss the place of the listing.

Currently, the company operates more than 500 large-scale logistics centers and over 300,000 terminal service points nationwide, covering 55% of the population within a 30-kilometer radius.

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