The reported $2 billion fundraising by JD Finance, the financial arm of China's second-largest e-commerce player JD, could pave the way for the subsidiary's eventual listing, according to experts.
Swiss food and nutrition giant Nestle announced on May 16 the partnership with technology firm Xiaomi to support health through technology and explore digital nutrition to tap the increasing demands from the ageing population in the country.
The country's second-largest e-commerce player JD will continue to increase its investment in logistics, offline retail and research and development, amid stiff competition with its archrival Alibaba Group Holding Ltd.
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