JD Property, a subsidiary of JD.com, has raised $800 million from investors led by Hillhouse Investment, Warburg Pincus, and a major global institutional investor, among others. The company said it entered into definitive agreements for its nonredeemable series B preferred share financing.
JD.com, China’s largest online retailer and its biggest overall retailer, will remain the majority shareholder of JD Property after the completion of this transaction.
The financing is expected to facilitate JD Property’s business expansion and model transformation, and further strengthen its infrastructure property management capabilities, so as to further enhance its leading position in China’s modern logistics infrastructure industry.
