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11 July 2018

JD Finance gets $2bn funding transfer

JD.com's financial services spinoff has raised at least $1.95bn at a reported $18bn valuation from backers including Bank of China and CICC.

Author: Robert Lavine, News Editor

JD Finance, the financial services provider spun off from e-commerce firm JD.com, has secured “at least” RMB13bn ($1.95bn) in funding at an $18bn valuation, Reuters reported today.