By Tomas S. Noda III
Diyi Chedai raised up to $20 million in a series B+ round.
The fund has a target of $650 million.
Fosun and Green Pine Capital Partners have led the $16-million round in Yaoshibang
Existing investor Meridian pumped in $55m, while PAG has invested $170m.
Lu Han does not hold any stake in the fund.
In October Wal-Mart increased its stake in JD.com to 10.8% from 5.9%
US-based label and packaging firm Avery Dennison is the buyer.
Citigroup is the first US-based bank to be granted the Type A licence.
Chinese dealmaker Fang Fenglei won backing from GLP CEO.
Qiming Venture Partners, Morningside VC and Oriza Capital also joined the round.