JD.com plans $500mn IPO of supply-chain arm JingDong in Hong Kong
JD.com is preparing to list its supply-chain unit, JingDong Industrials, in Hong Kong, aiming to raise about $500 million, according to Reuters and Bloomberg. The unit handles sourcing, warehousing and logistics for JDs B2B clients. JD spun off JingDong in 2023 and still owns 79%. JD shares slipped 0.3% in early premarket trading.