JD Finance Is Raising New Funding At RMB50B Valuation

Chinese e-commerce giant JD.com Inc.'s financial services spin-out, JD Finance, is currently in the market raising fresh capital at a RMB50 billion valuation, a person with immediate knowledge of the matter told China Money Network.

Investment institutions and individuals can buy JD Finance shares with a minimum purchase of RMB200 million. If JD Finance does not complete an initial public offering within five years, the company will repurchase investor shares at an annualized return of 9.38%, according to a document obtained from one of China's big four state-owned banks.

JD.com did not immediately respond to China Money Network's inquiry to confirm or clarify JD Finance's fundraising activities.

Chinese private companies, including many highly valued technology firms such as Chinese group buying and review portal Meituan Dianping,...

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