The logistics unit of Chinese e-commerce company JD.com has received a 1.5 billion yuan ($218 million) investment for its new fund.
The logistics division, JD Logistics, said that the new fund is expected to back companies and technologies specializing in logistics.
The fund’s limited partners will include JD Logistics and the JD.com mother company, in addition to several listed companies and government-led funds.
The fund will complement JD.com’s own investment team which carries out transactions across a variety of sectors.