JD Property Closes US$800m Series B Financing, with Hina PE among Investors｜Hina Portfolio
JD Group announced on 28th March 2022 that its subsidiary JD Property Group Corporation ("JDP”) just closed its Series B financing of US$800 million. Lead investors include Hillhouse Capital and Warburg Pincus. Hina PE and other institutional investors participated in this round of financing. The financing is expected to support JDP’s business expansion and model transformation, and further enhance its infrastructure property management capabilities, thereby further elevate its leading position in China's modern logistics infrastructure industry.
JDP is a subsidiary of JD Group that is an infrastructure asset management and integrated service platform. With the business philosophy of "technology-driven, green development", JDP provides industry partners with comprehensive solutions such as modern standard warehouses, integrated intelligent industrial parks, and data centers through investment and development, asset management and diversified value-added services. JDP is committed to becoming a leading enterprise in China's modern logistics infrastructure field, which is oriented by operational services and driven by technology. Ultimately, JDP aims to offer help to industrial upgrading and to empower the development of the real economy.
Thanks to the strong industrial integration and service capabilities in JD Group’s supply chain ecology, JDP is positioned as a diversified industrial infrastructure platform. It is also actively expanding its international logistics network. Through in-depth cooperation with local partners, JDP has successfully built logistics warehousing and industrial infrastructure in high-growth markets, such as Southeast Asia, to serve Chinese companies going overseas, as well as local customers.
Commenting on the JDP investment, Dr Hong CHEN, Chairman/CEO of Hina Group, said: “The needs for and the advantages of modern standard logistics infrastructure, such as high operational efficiency and maximizing space utilization, have become increasingly prominent. On the one hand, JDP boasts of significant advantages as a leading comprehensive asset management and industrial development service provider in China. JDP entered a number of core logistics areas at an early stage of the industry. Thus, it holds a great number of high-quality assets with industry-leading occupancy rates and rental income. On the other hand, with the support of the JD Group, its technological prowess, and capital partners’ resources, JDP will further strengthen its business model to integrate light asset and heavy assets and will continually unleash the company's growth potentials. Hina PE is upbeat about the development potentials of JDP. We look forward to JDP creating more and more value for the industry."