July 12, 2018 / 3:08 AM / 8 days ago

JD.com's finance affiliate raises $2 bln in fresh equity

HONG KONG, July 12 (Reuters) - JD.com Inc's finance affiliate said on Thursday it has signed binding agreements with investors to raise 13 billion yuan ($1.96 billion) in fresh equity.

JD Finance will reach a valuation of 133 billion yuan after the closing of the fundraising, it said.

Reuters first reported the fundraising details on Wednesday. ($1 = 6.6982 Chinese yuan renminbi) (Reporting by Kane Wu and Julie Zhu; Editing by Himani Sarkar)

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