Hillhouse Investment and Warburg Pincus are co-leading a series B round for the real estate manager and services provider, a spinoff from JD.com.

China-headquartered e-commerce group JD.com’s real estate services subsidiary, JD Property, has agreed to raise approximately $800m in series B funding from external investors, it revealed yesterday. The round is being co-led by hedge fund manager Hillhouse Investment, private equity firm Warburg Pincus and an undisclosed institutional investor. JD Property runs its parent’s infrastructure assets in…

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