Hillhouse Capital plans to invest over US$830 million in JD Health

JD Health, a subsidiary of JD.com, signed a final agreement with Hillhouse Capital on JD Health’s B round of non-redeemable preferred stock financing.

JD.com announced that on August 17, JD Health, a subsidiary of JD.com, signed a final agreement with Hillhouse Capital on JD Health’s B round of non-redeemable preferred stock financing.

Hillhouse Capital is said to invest more than US$830 million in total.

The transaction is subject to regular delivery conditions, and JD.com will remain the controlling shareholder of JD.com Health after delivery.

The delivery is expected to be completed in the third quarter of 2020.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/17/hillhouse-capital-plans-to-invest-over-us-830-million-in-jd-health/.

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