Financial division at JD.com doubled market value by attracting $2 billion investments

The financial department of JD.com attracted at least 13 billion yuan from Chinese investors. According to sources familiar with the situation, this doubled the company's market value before the expected IPO to 120 billion yuan. The price of the unit in the middle of 2017, after the separation of JD Finance branch from JD.com, China's second largest online retailer, was estimated at about 60 billion yuan. According to one source, the market value of JD Finance may be even higher if other investors join the current round.

12.07.2018

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