JD.com's healthcare unit to raise $1b from Baring PE Asia, others

Photo by Hush Naidoo on Unsplash

Chinese e-commerce major JD.com is raising over $1 billion for its healthcare subsidiary JD Health from investors including CPEChina Fund, CICC Capital and Baring Private Equity Asia.

The Chinese tech giant on Friday announced that it entered into definitive agreements on May 9 for non-redeemable Series A preferred share financing for JD Health. The shares on offer represent over 14.5 per cent of equity interest in JD Health on a fully diluted basis.

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