JD Finance is the financial services unit of JD.com that offers a range of financial services and products to consumers, startups, small and medium enterprises, and other businesses in China. The unit leverages JD.com's e-commerce expertise, big data and technology to deliver financial solutions, a strategy highlighted by CEO Richard Liu. Last year JD Finance partnered with U.S.-based ZestFinance to create a joint venture offering credit services in China. The new funding is intended to further expand the scope of its financial offerings for customers and to build a broader financial technology ecosystem through partnerships with top financial and startup service institutions. JD.com's broader operations, referenced in the article, include warehouse coverage across 46 cities, and the company is listed on NASDAQ. JD Finance operates in a competitive market alongside other major Chinese internet firms' financial arms such as Ant Financial.

Total raised

$1.0B

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2016