SHANGHAI (Reuters) – Chinese e-commerce giant JD.com’s logistics division has raised a 1.5 billion yuan ($218 million) fund to invest in companies and technologies specializing in logistics, the company said on Monday.
The fund’s limited partners will include JD Logistics and the JD.com mother company, in addition to “several listed companies and government-led funds,” the company said, declining to elaborate.
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The fund will complement JD.com’s own investment team which carries out deals across a variety of sectors. Chinese news website Jiemian first reported the fundraising on Monday.
JD.com’s property management division also has a fund, established in February 2019, to invest in warehousing facilities. The fund was established with GIC, Singapore’s sovereign wealth fund, and by February 2019 had committed capital of 4.8 billion yuan ($698 million), a filing...
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