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IPO

SoftBank and Temasek buy into JD Logistics IPO

E-commerce company trims valuation target amid market turmoil

Seven cornerstone investors have agreed to buy $1.5 billion of the shares on offer in JD Logistics' IPO.    © Reuters

HONG KONG -- The logistics unit of Chinese e-commerce platform JD.com has secured about $1.5 billion in commitments from SoftBank Vision Fund, Singapore government investment fund Temasek and five other cornerstone investors as it heads for a public listing, two people familiar with the deal said.

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