JD.com logistics arm raises $218m investment fund

ID 73071152 © Shannon Fagan | Dreamstime.com

JD.com’s logistics division has bagged $218m in investment for logistics-related companies and technology. As Alibaba’s closest competitor in China, JD.com has a lot of work to do. JD Logistics became a standalone subsidiary in 2017, and Tech Crunch claims it may be eyeing a public offering in the near future with a valuation around the $13.5bn mark. In 2016, Alibaba’s logistics division, Cainiao, scooped its own investment but had a valuation a little over half of JD Logistics at $7.7bn. ...