JD Industrial Products to close USD230m Series A with a valuation of over USD2b

Recently, JD.com released the financial report for the first quarter of 2020. In the meantime, the company announced that its subsidiary JD Industrial Products has signed a USD230 million Series A round of financing agreement.

Recently, JD.com released the financial report for the first quarter of 2020. In the meantime, the company announced that its subsidiary JD Industrial Products has signed a USD230 million Series A round of financing agreement.

The latest round was led by GGV Capital, and various investment institutions such as Sequoia Capital China Fund and CPE also participated.

At present, the post-investment valuation of JD Industrial Products has exceeded 2 billion US dollars, and it is expected to become the fourth “unicorn” that JD.com has hatched after JDDigits, JD Logistics, and JD Health.

JD Industrial Products has been established for 3 years. In 2017, JD.com completed the category expansion and officially launched industrial products, which then quickly upgraded to a primary channel of JD’s main portal in less than one year.

In 2019, JD Industrial Products launched the intelligent procurement management platform iSRM and the intelligent industrial Internet of Things industrial platform solution.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/23/jd-industrial-products-to-close-usd230m-series-a-with-a-valuation-of-over-usd2b/.

Leave a Reply

Please Login to Comment