How JD.com broke logistics fundraising record

The e-commerce giant’s decision to carve out its own space in the booming logistics sector pays off as big-name investors pile in. It will spend big on automation, exploiting robotics, drone delivery.

Ann Shi

February 14, 2018

JD.com, a major US-listed e-commerce rival to Alibaba Group in China, announced a fresh round of fundraising for its logistics unit, JD Logistics, on Wednesday – smashing the funding record for the red-hot sector.

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