JD Logistics hits first close on China industry fund
JD Logistics, the delivery unit of Chinese e-commerce giant JD.com, has reached a first close on a renminbi-denominated fund that invests in smart logistics and related technologies. The full target for the vehicle is RMB1.5 billion ($218 million).
Zhenui Wang, CEO of JD Logistics, said this is the first fund raised by the company since it spun-out from JD.com in 2017. JD Logistics – which provides a range of shipping and cold chain services to...
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