JD Finance announced that it has signed a definitive share subscription agreement for gross proceeds of CNY 6.65 billion in first round of funding on January 16, 2016. The series A will be led by new investors, Sequoia Capital China, China Harvest Investments, China Taiping Insurance, other investors which will include Ample Harvest Capital LLP. The transaction will be raised at a post money valuation of CNY 46.65 billion.

The transaction is expected to be completed in first half of 2016 subject to customary closing conditions. Upon completion, JD.com, Inc. will retain its majority stake in the company.