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JD to raise about US$2.5b selling stake in logistics unit


Member of JD.com's VIP delivery team Shang Kai parks an electric car in front of an office building in Beijing's central business area, China December 8, 2017.

Member of JD.com's VIP delivery team Shang Kai parks an electric car in front of an office building in Beijing's central business area, China December 8, 2017.

BEIJING: JD.com Inc. will raise about $2.5 billion by selling a stake in its logistics business to investors including Hillhouse Capital and Tencent Holdings Ltd.

The agreement includes backing from China Merchants Group, Sequoia China and China Life, the Beijing-based e-commerce operator said in a statement Wednesday. 

Corporate News , M&A

   

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