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Benzinga
Benzinga
Business
Shivani Kumaresan

JD.Com Subsidiary JD Property Secures $800M Financing

JD Nasdaq Warburg Pincus
  • JD.Com Inc (NASDAQ:JD) said its subsidiary, JD Property, has entered into agreements for its non-redeemable series B preferred share financing with investors.
  • The total amount raised in this round is expected to be approximately $800 million.
  • The investors include Hillhouse Investment, Warburg Pincus, and a global institutional investor.
  • The financing will help support JD Property's business expansion and model transformation.
  • JD.com will remain the majority shareholder of JD Property after the completion of this transaction.
  • Price Action: JD shares are trading lower by 3.62% at $57.75 in premarket on the last check Monday.
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