The fund will focus on logistics technology developers and boasts JD Logistics, parent company JD.com and unnamed additional corporates among its limited partners.
JD Logistics, the logistics services provider spun off by China-based e-commerce group JD.com, raised RMB1.5bn ($218m) yesterday for a strategic investment fund, Reuters reported.
JD Logistics and JD.com itself are among the limited partners for the fund, along with several undisclosed public companies and government-led funds, according to Chinese news source Jiemian.
The vehicle will focus on the logistics sector and will complement JD.com’s existing investment team, which has a remit to invest in a wider array of industries.
The…
