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27 March 2017

JD Finance seeks $7.3bn valuation

The JD.com financial services spinout, which is backed by China Taiping Insurance, is in the process of raising a second funding round at a $7.3bn valuation.

Author: Thierry Heles, Reporter

JD Finance, a financial services spinout of China-based e-commerce business JD.com, is raising additional capital at a RMB50bn ($7.3bn) valuation, China Money Network reported on Thursday citing an unnamed source.