JD.com’s logistics arm raises a $218 million investment fund – TechCrunch

The logistics division of JD.com, Alibaba’s closest e-commerce competitor in China, has raised 1.5 billion yuan (about $218 million) to invest in logistics-related companies and technology. Limited partners in the new fund include JD Logistics and JD.com, as well as undisclosed listed companies and government-led funds, reported Reuters. JD Logistics, which became a standalone subsidiary…

WordPress management site WP Engine acquires Flywheel as it moves to a $1B valuation and IPO – TechCrunch

WordPress now accounts for 34 percent of all websites globally, and today one of the key companies that helps handle the creation and management of some of those WP-hosted sites is getting a little bigger through some consolidation in the wider ecosystem. WP Engine, which works with businesses to build and manage their WordPress-hosted sites,…