Asia

Chinese e-commerce giant JD.com to raise $2.5 billion for a stake in its logistics business

JD.com will continue to be a majority shareholder in its logistics arm, JD Logistics, with an 81.4 percent stake.

Technology

Chinese online retailer JD.com raises $2.5 billion for logistics arm

BEIJING (Reuters) - JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond.

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