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JD.com Advances $500 Million IPO for Supply Chain Tech Unit in Hong Kong

JD.com Advances $500 Million IPO for Supply Chain Tech Unit in Hong Kong

Author:

Global Cryptocurrency

Published:

2025-11-24 22:35:01

9

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BTCCSquare news:

JD.com has initiated the final stages of a long-awaited initial public offering for its supply chain technology subsidiary, Jingdong Industrials Inc., targeting a $500 million raise on the Hong Kong exchange. The MOVE comes after securing regulatory approval from Chinese authorities in September 2023, marking a pivotal moment in the division's two-year journey toward public markets.

Investor roadshows commenced on November 24, with proceeds earmarked for enhancing industrial supply chain infrastructure and artificial intelligence capabilities. The listing arrives against a contrasting market backdrop—JD.com's shares have declined 18% year-to-date while Hong Kong's Hang Seng Index surged 27%.

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