JD.com 's finance arm , JD Finance , has doubled its investment , raising CNY13bn ( $ 1.96bn ) in fresh equity at a cost of almost $ 20bn . That is over twice its valuation after being spun off in 2017 from Google . Under that deal, it sold 28.6 percent for 14.3 billion yuan ($2.3 billion) to undisclosed investors. It also highlights its enthusiasm for large , privately - held Chinese tech firms , even as public valuations stutter .
JD.com 's finance arm , JD Finance , has doubled its investment , raising CNY13bn ( $ 1.96bn ) in fresh equity at a cost of almost $ 20bn . That is over twice its valuation after being spun off in 2017 from Google . It also highlights its enthusiasm for large , privately - held Chinese tech firms , even as public valuations stutter .