JD.com sells stake in logistics unit to raise about $2.5 billion
Bloomberg News
(Bloomberg) —JD.com Inc. will raise about $2.5 billion by selling a stake in its logistics business to investors including Hillhouse Capital and Tencent Holdings Ltd. The agreement includes backing from China Merchants Group, Sequoia China and China Life, the Beijing-based e-commerce operator said in a statement Wednesday. JD.com will retain an 81% stake after the […]