JD.com Explores $500M Hong Kong IPO for AI-Driven Supply Chain Unit
JD.com Inc.'s industrial supply chain division, Jingdong Industrials, has initiated investor education for a potential Hong Kong listing. The IPO could raise approximately $500 million, marking a pivotal moment in its two-year journey toward public markets.
China's securities regulator cleared the offering in September after JD.com filed initial paperwork in 2023. Proceeds will bolster AI-powered supply chain solutions and fund strategic acquisitions, according to listing documents.