The EWTP-backed cross-border e-commerce marketplace has secured funding in a round led by JD.com valuing it at $3bn.

Online retail group JD.com has led a $300m funding round for China-based cross-border e-commerce platform KK Group at a $3bn valuation, 36Kr reported today.

Citic Securities, CMC Capital Partners, Harvest Fund Management, Hongtai Capital, Ince Capital and New Horizon Capital filled out the round according to 36Kr, which contacted KK Group to verify the deal but has not received confirmation.

Founded in 2014, KK Group has built an e-commerce platform which sells snacks, fashion and lifestyle-focused goods. It runs warehouses…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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