JD Finance

Alibaba’s arch rival JD.com spins out its financial services business

While Alibaba’s Ant Financial¬†fintech affiliate is out doing deals to expand¬†its global presence and raising a $3 billion war chest for further M&A, its chief rival in China has made a str

JD.com’s Financial Services Arm Lands $1B Led By Sequoia China At $7.1B Valuation

Alibaba isn't the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba's Ant Financial raised an undisclosed round last su