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 addition to offering real estate services through an integrated service platform.

The company hiked its stake in warehouse operator China Logistics Property Holdings from 9%…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.