Warburg Pincus, Hillhouse back China's JD Property
JD Property, the infrastructure property asset management arm of Chinese e-commerce giant JD.com, has raised a $700 million Series A round led by Warburg Pincus and Hillhouse Capital.
The company, established in 2018, owns, develops, and manages warehousing and other logistics facilities, supporting the operations of JD Logistics. JD Logistics filed for a Hong Kong IPO last month,...
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