JD Logistics Raising $398M Through New Share Placement
Chinese e-commerce giant JD.com on Thursday announced that its logistics arm has entered into a placing agreement, pursuant to which JD Logistics has agreed to issue 150,500,000 of its ordinary shares to a group of third-party investors for a total purchase price of $398 million in a placement.
Concurrently, JD.com, through its whol…
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