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Tech Brief (Dec. 4): JD.com ’s Supply Chain Tech Unit Launches Hong Kong IPO

Hong Kong IPO Supply chain Li Auto Moore Threads JDcom

JD.com’s supply-chain tech unit kicks off Hong Kong IPO

Jingdong Industrials Inc. launched its Hong Kong initial public offering (IPO) on Dec. 3, aiming to raise up to HK$3.27 billion ($420 million). The industrial supply chain technology subsidiary of JD.com Inc. is offering 211 million shares priced between HK$12.70 and HK$15.50 each. Trading is scheduled to commence on the main board of the Hong Kong Stock Exchange on Dec. 11. Following the listing, the JD.com ecosystem will have five listed entities, including JD Health International Inc., JD Logistics Inc. and Deppon Logistics Co. Ltd.

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