(Yicai Global) July 12 -- The fintech unit of China's second-largest e-commerce player JD.Com aims to be worth a shade more than one-tenth of archrival Ant Financial's valuation after its latest fundraising.

Jingdong Financial Technology Holding expects to close the CNY13 billion (USD2 billion) B-round in the third quarter, the Beijing-based company said in a statement today. Investors include China Capital Investment Group, Bank of China Investment, Citic Capital Holdings and China Securities.

The new funds will lift its valuation to CNY133 billion, equal to about 13 percent of Ant Financial. The Alibaba Group Holding affiliate was valued at USD150 billion when it landed USD14 billion last month in the world's largest single fundraising by a private company. 

Jingdong Financial will use the new capital to advance its digital strategy and ramp up data and tech development, Chief Executive Chen Shengqiang said.

Spun off from JD.Com in mid-2017, the firm secured CNY6.7 billion from venture capital firm Sequoia Capital China and China Taiping Insurance Group in an A-round of fundraising in 2016. It was then valued at CNY46.7 billion.

Jingdong Financial offers consumer credit and wealth management products and has served more than 700 financial institutions, 8 million online and offline micro-businesses, and 400 million individuals.

Editor: Emmi Laine