Orrick Advises on JD Logistics’ $2.5 Billion Financing


Orrick has advised JD.com, Inc. (NASDAQ: JD), China’s largest retailer and e-commerce company, on the financing of its logistics subsidiary, JD Logistics. Investors include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, among others.

The total amount raised in this round is expected to be approximately $2.5 billion. After the completion of this transaction, JD.com will remain the majority shareholder of JD Logistics with an 81.4% stake. The financing is expected to close in the first quarter of 2018, subject to customary closing conditions.

Orrick has been advising JD.com since 2014, including most recently on its $397 million investment in Farfetch, its $1.5 billion strategic alliance with a U.S.-based multinational retail corporation and the merger of its O2O business JD Daojia with Dada Nexus. The Orrick team included Jeffrey Sun, Scott Peterman, Echo Wang, Chen Lu and Bingyan Xu.

View JD.com’s press release here.