JD.com has secured CICC Capital, Baring Private Equity Asia and CPEChina Fund for a series A round expected to value its healthcare spinoff at $6.9bn.

China-based e-commerce group JD.com has agreed to raise an amount expected to be more than $1bn for its healthcare arm, JD Health, according to a financial statement released on Friday. CICC Capital, the private equity arm of investment banking firm China International Capital Corporation, is set to provide the capital along with private equity firm…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.