Caixin
BUSINESS & TECH

JD.com Kicks Off $2 Billion Fundraising for Logistics Unit

JD.com's logistics unit is in-house and considered highly efficient and a major competitive edge. Photo: IC
JD.com's logistics unit is in-house and considered highly efficient and a major competitive edge. Photo: IC

Chinese e-commerce giant JD.com Inc. has kicked off a funding round to raise up to $2 billion for its logistics unit, as it prepares for an independent listing of one of its business backbones, sources close to JD.com told Caixin.

JD Logistics was valued at $10.9 billion in the funding round, according to fundraising documents viewed by Caixin.

A person close to JD.com said Hillhouse Capital is among the leading investors of the funding round. Neither JD.com and Hillhouse has commented.

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