JD Logistics has filed for an initial public offering on the Hong Stock Exchange and is reportedly eyeing a $40bn valuation.
JD Logistics, the logistics spinoff of China-based e-commerce firm JD.com, has filed for an initial public offering on the Hong Kong Stock Exchange, according to DealStreetAsia.
Terms have not yet been set, but people familiar with the matter told DealStreetAsia that JD Logistics was aiming for a $40bn valuation.
Spun off from JD.com in 2017, JD Logistics provides warehousing and distribution services across China. The company has benefited from a surge in online shopping during the pandemic-related lockdowns and closures…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
