Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors.
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.
China's second-biggest e-commerce firm JD.com has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, sources said.
Meituan-Dianping, China's largest on-demand services provider, is considering an initial public offering in the United States as soon as next year, five people with knowledge of the matter told Reuters.
Meituan-Dianping on Thursday said it has raised $4bln in a funding round that values China's largest on-demand services provider at $30bln, a strategy to compete with the country's leading e-tail firms in offline retail.