Chinese online retailer JD.com raises $2.5 billion for logistics arm

BEIJING (Reuters) - JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond. JD Logistics was valued at $10.9 billion prior to the new funding, which was led by Hillhouse Capital, Sequoia China, China Merchants Group and Tencent among others,...