ICBC International Provides Investment in JD Logistics’ US$2.5 Billion Financing Round
Beijing & Hong Kong – Paul Hastings, a leading global law firm, announced today that the firm advised ICBC International in its investment into JD Logistics’ US$2.5 billion Series A financing. JD Logistics is the warehousing and shipping subsidiary of China’s second-largest ecommerce player JD.com. This marked the largest single financing in China's logistics industry so far.
Other investors included Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF and China Structural Reform Fund.
Paul Hastings has advised ICBC International on a number of real estate, fund formation and fund investment deals over the years including in its disposal of a US$100 million indirect interest in YangGuang Co., Ltd., a Chinese real estate developer listed on the Shenzhen Stock Exchange, to CNCB (Hong Kong) Investment Limited, and on its formation of a partnership with Sino-Ocean Capital Limited for the acquisition of a large commercial real estate portfolio in China.
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