JD.com’s logistics arm raises a $218 million investment fund

JD.com’s logistics arm raises a $218 million investment fund

25th June 20190Byadmin

The logistics division of JD.com, Alibaba’s closest e-commerce competitor in China, has raised 1.5 billion yuan (about $218 million) to invest in logistics-related companies and technology. Limited partners in the new fund include JD Logistics and JD.com, as well as undisclosed listed companies and…

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