Alibaba rival JD Finance is going independent after raising $1 billion from external investors last year.\u00a0 The companies are rivales in China\u2019s e-commerce; while Alibaba holds a 54% market share to JD.com\u2019s 23.2%, the percentage gap has narrowed.<\/p>\n
JD.com is divesting its entire\u00a068.6 percent stake for\u00a014.3 billion RMB, or around $2.1 billion USD.\u00a0 The move essentially hedges any risk that JD.com investors may feel around JD Finance, which was valued at $7.1 billion at the time of last year\u2019s financing.<\/p>\n
Meanwhile, Alibaba\u2019s fintech affiliate, Ant Financial, is out doing deals to expand\u00a0its global presence and raising a $3 billion war chest for further M&A.\u00a0 Ant Financial raised $4.5 billion at a valuation of $60 billion last April, and will likely go public this year or the next.<\/p>\n
<\/p>\n
https:\/\/techcrunch.com\/2017\/03\/03\/jd-finance-spin-out\/<\/strong><\/p>\n http:\/\/www.investopedia.com\/articles\/investing\/030516\/alibaba-vs-jdcom-battle-china-baba-jd.asp<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Alibaba rival JD Finance is going independent after raising $1 billion from external investors last year.\u00a0 The companies are rivales in China\u2019s e-commerce; while Alibaba holds a 54% market share to JD.com\u2019s 23.2%, the percentage gap has narrowed. JD.com is divesting its entire\u00a068.6 percent stake for\u00a014.3 billion RMB, or around $2.1 billion USD.\u00a0 The move … Continue reading Alibaba Rival JD.com Goes Independent<\/span><\/a><\/p>\n","protected":false},"author":1795,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1384","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"exwu","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/exwu\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Alibaba rival JD Finance is going independent after raising $1 billion from external investors last year.\u00a0 The companies are rivales in China\u2019s e-commerce; while Alibaba holds a 54% market share to JD.com\u2019s 23.2%, the percentage gap has narrowed. JD.com is divesting its entire\u00a068.6 percent stake for\u00a014.3 billion RMB, or around $2.1 billion USD.\u00a0 The move…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1795"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1384"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1384\/revisions"}],"predecessor-version":[{"id":1391,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1384\/revisions\/1391"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}