JD.com Industrial Completes $300 Million Series B to Drive Intelligent Transformation of Industrial Supply Chain | Yunqi Capital

➤➤➤ JD.com, a leader in smart industrial IoT, recently completed a $300 million Series B preferred share transaction. The round was co-led by Abu Dhabi sovereign wealth fund Mubadala and Abu Dhabi-based 42XFund, with participation from asset manager M&G, EQT's Asia platform BPEA EQT (formerly Baring Private Equity Asia), and HSG. In 2017, Yunqi Capital led the Series B in Gongpinhui and continued to invest in subsequent rounds. JD.com acquired Gongpinhui in 2020.

The proceeds will be used to continue developing industrial supply chain technology products and solutions to better serve enterprise customers.

Yunqi Capital's Perspective

Yunqi Capital has always focused on "technology innovation, industrial empowerment" — industrial supply chain technology is one of our key areas of continued interest. Our early investments in this space include Baibu, HuanShi Logistics, Dongjing Yiwang, Lingmao SCM, Xiaopangxiong, and Xiaoxiang Zhihe.

Yao Feng, Managing Director at Yunqi Capital, said: "Under the wave of digital economy, supply chain resilience has become a critical link for enterprises to reduce costs and improve efficiency. Beyond the industrial goods sector where JD.com operates, we are bullish on digital and intelligent supply chains across manufacturing industries — strengthening collaboration across the industrial chain, advancing industrial internet infrastructure, and further leading the upgrade of smart supply chains and manufacturing on the supply side."

As JD Group's vanguard in serving real-economy industries, JD.com aims to become a global leader in industrial supply chain technology and services. It continues to refine its infrastructure and technology service solutions, driving the entire industrial supply chain toward greater efficiency, resilience, agility, and lower costs.

JD.com is a JD Group business unit focused on empowering industrial development through "supply chain + technology + services." It has become a leading domestic provider of industrial supply chain and industrial internet technology services. The company provides industrial enterprises with comprehensive procurement supply chain solutions for MRO supplies, electronic components, and other industrial products, as well as digital and intelligent solutions spanning the full lifecycle of industrial equipment — covering digital procurement, digital energy, and digital operations and maintenance.

Currently, JD.com serves nearly 40% of Fortune Global 500 companies, nearly 50% of Fortune China 500 companies, and over 8,000 large enterprise group customers. According to the 2022 Digital Procurement Development Report, with JD.com's support, industrial enterprises can effectively reduce comprehensive supply chain costs — with visible costs such as price expenses cut by 15%, and hidden costs including time, management, and operations expenses reduced by over 30%.