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Jingdong Mall raises 700 million from investors
3gzylon
>《经济商务市场》
2013.02.20
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(
China Daily
)
08:30, February 20, 2013
Chinese online retailer Jingdong Mall said on Sunday that its cash reserve has topped 15 billion yuan ($2.4 billion) after the Beijing-based company raised about $700 million from international investors. "With the new funding in place, Jingdong will be able to focus on long-term development," said Liu Qiangdong, the company's founder and CEO. Jingdong said it raised around $700 million from Kingdom Holding Co, Canada's Ontario Teachers Pension Plan, and other current shareholders. Jingdong is the nation's second-largest business-to-customer platform after Tmall, owned by Alibaba Group Holdings Ltd.
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(Editor:HuangBeibei、Liang Jun)
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