JD Finance, 8/10/17
Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) online financing and retail investment platform JD Finance recently set up its first venture capital fund for early-stage investments in the consumption domain, called Qianshu Fund. JD Finance said that the fund will focus on angel round and Series A investments, and will base its investment decisions on relevant data it acquires on various companies.
For companies that receive investment from the fund, JD Finance will provide a crowdfunding platform and financial technology support. The Qianshu Fund will be used to take relatively small stakes in the startups, and will not look to dictate these companies' business strategies or operations.
Qianshu Fund has already begun operating in the life services technology, personal healthcare, fashion consumables, and entertainment and literature content domains. Recipients include mattress maker 8H Chuangdian, radio device brand Maowang, Shanghai-based smart luggage developer Runmi Technology, and towel design firm Zuishenghuo.
Ma Ji, a vice president at JD Finance, said that Qianshu Capital will use JD Finance's crowdfunding system and resources to provide customized training, service, distribution channel, and financial services support to funding recipients.