Warburg Pincus-led group to invest $700 million in JD.Com's property unit

(Reuters) – A group of investors led by Warburg Pincus will invest about $700 million in Chinese e-commerce firm JD.com Inc’s infrastructure asset management arm, the U.S.-based private equity firm said on Thursday.

Warburg Pincus and Hillhouse Capital, along with other investors, will invest in JD Property as part of a non-redeemable series A preferred share financing, the company added.

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