JD.com led a $142m funding round in Xinchao Media Group.

JD.com, a Chinese e-commerce company, led a $142m funding round in Xinchao Media Group, a tech-oriented media enterprise. JD.com said it hopes the investment will lift its offline marketing and reach more users. Founded in 2007, Chengdu-based Xinchao now operates in more than 100 Chinese cities and owns 700,000 elevator screens that could reach as many as 200 million people in local communities.