Property News · February 16, 2021

JD.com’s logistics unit set to sell shares through Hong Kong IPO


The logistics unit of Chinese e-commerce giant JD.com is set to sell its shares through an initial public offering (IPO) at the Hong Kong stock exchange.JD Logistics’ application to the local bourse on Tuesday came more than two months after JD Health raised US$3.5 billion in its maiden share offering in December. Its Beijing-based parent raised US$4.5 billion in a secondary listing in Hong Kong in June. The flotation was the city’s biggest fundraising event last year.“(JD.com) intends to spin…

Source : South China Morning Post
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