JP Property, the infrastructure asset management arm of Chinese internet giant JD.com, has raised around US$800m (鈧�717m) from US private equity firm Warburg Pincus, Chinese investment firm Hillhouse Investment and an unnamed global institutional investor.
JD.com said it would remain the majority shareholder.
The capital will go towards financing JD Property鈥檚 business expansion and strengthening its infrastructure property management, it said.
The Chinese company invests, develops and manages logistics infrastructure, manufacturing parks, data centres and science parks across China. It also has operations in Europe and Asia.
Ellen Ng, managing director and head of China real estate of Warburg Pincus, said: 鈥淲e have been firmly optimistic about the broad development of logistics infrastructure industry in China and will continue to collaborate with JD Property to help in the steady and sustainable development of China鈥檚 new infrastructure in the future.
鈥淲arburg Pincus has always highly recognised JD Property鈥檚 excellent management team and strong execution capabilities, particularly its unique competitive advantages in the modern logistics arena.鈥�
Warburg Pincus鈥� investment investment in what it terms 鈥渘ew economy real estate鈥� has exceeded two thirds of its of its entire property portfolio, and has invested more than US$7bn in nearly 50 real estate companies in Asia-Pacific.
