HONG KONG (Reuters) - JD.com Inc’s (JD.O) finance affiliate said on Thursday it has signed binding agreements with investors to raise 13 billion yuan ($1.96 billion) in fresh equity.
JD Finance will reach a valuation of 133 billion yuan after the closing of the fundraising, it said.
Reuters first reported the fundraising details on Wednesday.
Reporting by Kane Wu and Julie Zhu; Editing by Himani Sarkar
