By Ardi Wirdana
The round was joined by new investors Sequoia China, Yunfeng Capital, Taikang Insurance Group, CITIC PE, ARCH Venture Partners, Hillhouse Capital and King Star Capital.
The float will add to a busy pipeline of Chinese tech companies that are seeking to go public this year.
The investment round was led by AIA Company Ltd, part of Hong Kong-listed insurer AIA Group Ltd, and infrastructure and services group NWS Holdings Ltd.
The latest funding brings Intel Capital’s year-to-date investments to more than $115 million. The Chinese cos that bagged funding include Reconova, Alauda, and Espressif Systems.
The startup’s fluctuating valuation is partly due to mixed messages about what Xiaomi does. While 70% of revenue comes from selling smartphones, co-founder Lei Jun insists that Xiaomi’s real goal is to be an internet services company making money off ads and online games.
Tahoe Group said the fund will be used to make investments in and for acquisitions of real estate projects.
The deal makes JD the third-largest shareholder of CLP, one of China’s biggest logistic facilities developers and operators.
Anbang, which shot to fame after snapping up assets around the world, was seized in February by the government.
The deal marks Alibaba’s second acquisition of a Rocket company, after Lazada.
Kathleen Tan, president of AirAsia China, and ITM Capital, joined the round.