China's JD.com raises $2.5b for logistics arm led by Hillhouse, Sequoia, Tencent, others

China's JD.com raises $2.5b for logistics arm led by Hillhouse, Sequoia, Tencent, others

Photo: Reuters

JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond.

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