JD Logistics Reaches First Close Of Debut RMB Fund Eyeing $217M In Total Fundraising Size

JD Logistics, the logistics arm of Chinese e-commerce heavyweight JD.com, announced on Monday that the company has reached the first closing for its debut RMB-denominated industrial fund with a target to raise a total of RMB1.5 billion (US$217.97 million).

China Money Network

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