JD.Com Subsidiary JD Property Secures $800M Financing

by Shivani Kumaresan, Benzinga Staff Writer

March 28, 2022 9:22 AM | 1 min read |

JD.Com Inc JD said its subsidiary, JD Property, has entered into agreements for its non-redeemable series B preferred share financing with investors.
The total amount raised in this round is expected to be approximately $800 million.
The investors include Hillhouse Investment, Warburg Pincus, and a global institutional investor.
The financing will help support JD Property's business expansion and model transformation.
JD.com will remain the majority shareholder of JD Property after the completion of this transaction.
Price Action: JD shares are trading lower by 3.62% at $57.75 in premarket on the last check Monday.