JD.com Raises $300 Million at a Valuation of over $2 Billion

JD.com is China’s leading one-stop e-commerce platform. JD.com delivers a wide range of goods covering everything from fresh food and apparel to electronics and cosmetics. The company offers authentic products at competitive prices, speedy and reliable delivery, convenient online and in-person payment options, and comprehensive customer services.

The company has bagged $300 million in a Series B funding round. Abu Dhabi’s sovereign wealth fund Mubadala Investment Company and 42XFund, a $10 billion tech fund under Abu Dhabi-based artificial intelligence company G42, led the funding round. JD.com intends to use the fresh funding to invest in infrastructure and technology services, which will help the firm to develop more supply chain technology solutions to better serve its enterprise customers.

JD.com, Beijing, China, was founded by Liu Qiangdong in 1998, and its retail platform went online in 2004. Currently, the company provides over 580 million active customers with access to an unrivaled range of high-quality products. As a technology-driven company, JD.com creates reliable and scalable platforms that bring value to partners and customers in sectors such as e-commerce, logistics, Internet finance, cloud computing, and smart technology.

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