China: JD.com raises US$1bn Series A for healthcare subsidiary

Chinese e-commerce giant JD.com has raised US$1bn Series A funding for its healthcare subsidiary JD Health. It has sold a 14.5% stake to investors including CPEChina Fund, CICC Capital, and Baring Private Equity Asia, among others. In a statement it said: “The new financing will enable JD Health to further expand its core business, attract…