Cofco and China International Capital are in talks to lead a round that would value JD.com's financial services spinout at up to $30bn.
JD Finance, the financial technology spinoff of China-based e-commerce company JD.com, is seeking $2bn in funding from investors including food processing firm Cofco, China Money Network reported today.
Cofco, also known as China National Cereals, Oils and Foodstuffs Corporation, has entered discussions with JD finance over a lead investment in the round, as has investment bank China International Capital.
The deal is expected to close by the end of this month, and to value JD Finance at $26bn to $30bn, unnamed…
