epa05020171 Commuters wait for a ride at a bus stop displaying an advertisement for online shopping in Beijing, China, 11 November 2015. Chinese internet giant Alibaba made 5 billion dollars in the first 90 minutes of the country's 'Singles Day' online shopping binge on 11 November, defying fears of an economic slowdown in the world's second-largest economy. Alibaba rival and China's largest online direct sales company, JD.com, said on 11 November that its website had clocked up 10 million orders by 10 am (0200 GMT), which is up 180 per cent from the site's total number of orders on Singles Day last year. EPA/ROLEX DELA PENA
HONG KONG: JD.com is copying larger rival Alibaba with its own black-box finance unit.
China's second-largest e-commerce group has just completed a fundraising which values its financial division at US$7bil (RM30.55bil). But investors can only guess at the subsidiary's financials.
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