Warburg Pincus and Hillhouse Capital have agreed to co-lead a $700m round for JD.com's logistics infrastructure subsidiary.
JD Property, the real estate services provider spun off by China-headquartered e-commerce group JD.com, has agreed to raise $700m in series A funding, it disclosed yesterday.
The round is being co-led by private equity firm Warburg Pincus and hedge fund manager Hillhouse Capital and also features undisclosed other investors.
JD Property operates as an infrastructure manager, specialising in logistics centres. It has raised two core funds to support its operations, the second in partnership with Singapore’s sovereign wealth fund, GIC,…
