HONG KONG, April 29 — China’s second largest e-commerce company JD.com has filed confidentially to list its shares in Hong Kong hoping to raise at least US$2 billion, a report said today, following a mega-IPO by rival Alibaba last year. JD’s listing could come as soon as the second half of...
A woman walks past a advertisement board of Jingdong Mall in Nanjing, Jiangsu province in this May 7, 2013 file photo. — Reuters pic
JD’s listing could come as soon as the second half of the year, Bloomberg News said, citing sources with knowledge of the planned deal. JD.com raised US$1.78 billion when it listed on the Nasdaq in New York in 2014 and now has a market capitalisation of US$64 billion. Like many e-commerce giants, JD looks set to have weathered the worst of the global pandemic’s impact as demand soars for home deliveries to people locked down to prevent its spread.
“Our leading supply chain and logistics network have been called upon to address unmet needs across China,” billionaire founder Richard Liu said in a statement attached to its annual results.
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