JD.com has invited investors including Hillhouse Capital and Sequoia Capital China, to invest in its logistics subsidiary at a $10bn valuation.
JD Logistics, the logistics subsidiary of China-based e-commerce firm JD.com, is aiming to raise at least $2bn in funding, Reuters reported today citing people familiar with the matter.
The round is expected to be co-led by hedge fund sponsor Hillhouse Capital and venture capital firm Sequoia China Capital. Other investors have not yet been named but include state-owned and international groups, the sources said.
Hillhouse Capital is currently the second largest shareholder in publicly-listed JD.com, according to data collected by…
