July 12, 2018 / 3:11 AM / 4 months ago
JD.com's finance affiliate raises $2 billion in fresh equity
FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 16, 2014. Picture taken June 16, 2014. REUTERS/Jason Lee/File Photo
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
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