JD Logistics, the distribution arm of Chinese e-commerce giant JD.com, is planning to submit an initial public offering application to the Hong Kong stock exchange as soon as this month, according to reports.
Chinese e-commerce giant JD.com will become the first online platform to accept China’s digital currency, according to announcement issued by the company’s fintech subsidiary JD Digits on Dec. 5.
Supply chain and logistics services provider JD Logistics is said to be preparing for an initial public offering (IPO) next year with an estimated valuation of $40 billion, according to Reuter’s International Financing Review (IFR.)
Many of China’s unicorn companies, responsible for the creation of China’s formidable logistics system, have assisted in various emergency initiatives.
The logistics unit of JD.com is eyeing a potential overseas IPO that could raise $8 – $10 billion, two insiders revealed to Reuters.
JD Logistics successfully made its first unmanned delivery using a company-designed delivery robot at the Chengdu Industry and Trade College (CITC) of Sichuan Province On Oct. 22.
On the afternoon of Sept. 27, JD.com Inc. announced that the online retail platform JD CENTRAL, built together with Thai conglomerate Central Group of Companies, will officially launch on Sept. 28 in Thailand.
On February 23, JD presented its unmanned intelligent distribution station to be used in the National Civil Aerospace Industry Base in Xi’an, Shaanxi Province.
JD Group announced that it has raised $2.5 billion by selling stake in JD Logistics. After the transaction completes, JD Group will hold 81.4 percent of JD Logistics equity.