Investors to transfer $1bn to JD Finance

Jan 18, 2016 • Thierry Heles

JD Finance, the financial services subsidiary of China-based e-commerce company JD.com, agreed a RMB6.65bn ($1bn) share subscription on Saturday co-led by insurance provider China Taiping Insurance.

Venture capital firm Sequoia Capital and investment firm China Harvest Investments co-led the round with Taiping, while a range of unnamed investors also participated. The deal values JD Finance at approximately $7.1bn and is expected to close within the first half of this year.

Launched in 2013, JD Finance serves as JD’s financial technology…

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