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News / JD Logistics attracts $2.5bn investment to develop drones and robot systems

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Alibaba rival JD.com has attracted some $2.5bn of investment to expand the reach of its logistics subsidiary, JD Logistics (JDL).

Investors, including Hillhouse Capital, Sequoia China and China Development Bank, entered into definite financing agreements expected to close in the first quarter.

JD will remain the majority shareholder, with an 81.4% ...

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