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JD.com's logistics arm raises a $218 million investment fund

Catherine Shu
JD.com's logistics arm raises a $218 million investment fund

Limited partners in the new fund include JD Logistics and JD.com, as well as undisclosed listed companies and government-led funds, reported Reuters. A company spokesperson told TechCrunch that the fund will focus on smart logistics and smart supply chain technology. JD Logistics, which became a standalone subsidiary in April 2017, has a lot to prove.