Lufax, JD Finance get pre-IPO funding

Ping An's peer-to-peer lender Lufax raises a further $1.22 billion ahead of its expected second-half IPO, while JD Finance raises $1 billion from its series-A funding round.
Richard Liu, chairman and chief executive of JD.com
Richard Liu, chairman and chief executive of JD.com

Lufax has raised a further $1.22 billion from investors, valuing the Ping An-backed group at $18.5 billion ahead of an initial public offering expected in the second half of the year.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media