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JD.com’s logistics unit gets go-ahead for up to US$4 billion IPO in Hong Kong
The logistics unit of Chinese e-commerce giant JD.com received the green light on Thursday to proceed with an initial public offering (IPO) that could raise between US$3 billion and US$4 billion on the Hong Kong stock exchange, according to people familiar with the matter.
The IPO would mark the latest JD arm to tap the Hong Kong markets in the past year. JD Health raised US$3.5 billion in an IPO in December and its Beijing-based parent JD.com raised US$4.5 billion in a secondary listing in Hong Kong in June 2020, the biggest fundraising in the city last year.
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