Local media broke (here and here) that JingDong Mall, the Chinese B2C giant has just completed a new US$ 400 million financing round which values the company at US$ 7.25 billion (another saying we heard is raising US$ 350 million at $7 billion valuation). Some of the investors in this round include OTPP (Ontario Teachers’ Pension Plan) and former participant the Tiger Fund.

Jingdong confirmed the financing, though didn’t mention any details.

It’s conceivable why it didn’t want attract too much exposure to the deal. In the company’s stunning Series C, it obtained US$ 1.5 billion at more than 10 billion valuation. Now with time flies, the company’s valuation also shrinks to only 7.25 billion.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.