Bumper JD Finance capital raise extends PE frenzy

The fintech firm's $1.95 billion series-B funding almost triples its valuation. But what does it tell us about the current state of China's private equity market?

JD Finance, the fintech affiliate of JD.com, has closed another bumper round of funding that almost triples its valuation, illustrating how a bubble-like buying mentality still has some hold over the Chinese private equity market.

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