https://www.cnbc.com/2018/03/16/chinas-jd-coms-finance-arm-is-fundraising-at-a-20-billion-valuation.html

JD.com's finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said.

The unit of China's second-largest e-commerce firm is seeking to deepen its push into areas such as securities, banking and insurance — businesses that have seen the entry of several new technology-focused players.