PE investors commit $1b to JD.com's healthcare unit
A group including CITIC Private Equity, CICC Capital and Baring Private Equity Asia has agreed to invest $1 billion in the healthcare unit of Chinese e-commerce giant JD.com, acquiring a combined stake of 14.5%.
The fresh capital will enable the company to expand its core business, recruit talent and explore new healthcare initiatives, according to a filing. JD.com will remain the largest shareholder after the...
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