Chinese tech giant JD.com (NASDAQ: JD) has filed to list its supply chain arm, JD Logistics, on the Hong Kong Stock Exchange, an initial public offering that could potentially raise $5 billion and lead to a valuation of $40 billion, according to a Bloomberg report.
The move comes only months after listing its spinoff, JD Health, which raised around $3.5 billion.
Like many e-commerce operations, JD.com sales have increased dramatically during the pandemic, leading to large investments in the...
https://www.freightwaves.com/news/jdcom-logistics-spinoff-could-lead-to-$40b-valuation-—-bloomberg