JD comes to the rescue of startups

E-commerce firm's platform helps new technology companies secure funding

More startups are expected to secure capital from the equity crowdfunding platform of JD.com Inc as the Chinese e-commerce major expands its internet financing business.

JD Finance, the online finance arm of the Nasdaq-listed JD, China's second-largest e-commerce player, said on Monday that it has helped 89 startups secure 1.1 billion yuan ($170 million) in funding since it launched its equity crowdfunding platform about a year ago.