Reuters - China’s 360buy Closes Round at $7.3B Valuation

Chinese e-commerce firm 360buy has closed its latest round of financing, raising about $400 million that values the company at $7.3 billion, local media reported. The company, also known as Jingdong Mall, declined to provide financial details of the fundraising. The valuation of $7.3 billion is lower than the valuation 360buy achieved last April when it raised $1.5 billion from a slew of international investors, local media said. The latest round was participated in by Ontario Teachers' Pension Fund and the Tiger Fund, Reuters wrote.

North AmericaUSBriefs