The logistics division of JD.com, a major online shopping company of China, was listed on the Hong Kong Exchanges and Clearing
On May 28, JD Logistics (jīng dōng Logistics), the logistics division of China's major online shopping company "jīng dōng (JD.com)", was listed on the Hong Kong Exchanges and Clearing. The exchange was the second largest initial public offering scale of this year, worth 3.2 billion US dollars (about 350 billion yen). JD Logistics has invested about 782 million US dollars (about 85.6 billion yen) in the last three years to make a prior investment in technology, and the deficit has continued. Most of the funds raised are invested to expand the domestic and overseas distribution network. About 20% of them will be invested in technologies such as automation and data analysis, and the deficit is expected to increase further in this term.
Source: Bloomberg "China's JD Logistics Stocks Increased by 18% Temporarily Listed in Hong Kong Exchanges and Clearing" (May 28, 2021) （link available in Japanese only）
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