×
By
Reuters API
Published
Jan 26, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

JD.com plans to make U.S. foray this year

By
Reuters API
Published
Jan 26, 2018

China's JD.com Inc is preparing to enter the United States by the end of this year, Bloomberg News reported on Thursday, in a move that will challenge its Chinese rival Alibaba Group Holding Ltd and U.S.-based Amazon Inc.


Photo: JD.com's recently launched e-commerce platform - Toplife



JD.com is seeking funds for its international expansion and is in final talks to sell 15 percent of its logistics arm to shareholder Tencent Holdings Ltd and other investors in an early fundraising round, Bloomberg reported.

Tencent will get about a third of the shares on offer and the deal will be completed by the middle of next month, JD.com founder Richard Liu told Bloomberg in an interview.

JD.com and Tencent were not immediately available for comment.

© Thomson Reuters 2022 All rights reserved.