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Posted on: July 12, 2018, 7:01 a.m.
CICC Capital, Bank of China Group Investment Ltd, CITIC Securities-backed China Securities and CITIC Capital have agreed to invest a RMB13 billion (US$1.9 billion) series B round in Chinese e-commerce giant JD.com’s financial services spin-out JD Finance. JD Finance said its post-money valuation has reached about RMB133 billion (US$20 billion) and this round is expected to complete in the third quarter in 2018. In March 2017, JD.com divested all its shares in JD Finance for around RMB14.3 billion (US$2.1 billion), ... Full investment news articleRelevent to this post: CICC Sequoia Capital,