JD.Com Divests Finance Arm As JD Finance Eyes Domestic IPO, Founder Tightens Control

Chinese e-commerce operator JD.com Inc. has agreed to divest all its shares in its financial services arm JD Finance for around RMB14.3 billion (US$2.1 billion), as the Internet finance unit dismantles a legal structure for overseas listing and plans a domestic IPO instead.

China Money Network

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