JD.com resubmits IPO application for JD Industrials after previous attempt halted in 2020.

JD.com has reinitiated its plan to spin off its industrial unit, JD Industrials, with a new IPO application submitted to the Hong Kong stock exchange. This follows a prior attempt in 2020 that was halted due to market volatility. JD Industrials, a leading industrial supply chain technology provider in China, previously aimed to raise $1 billion but has not disclosed specific fundraising targets or timelines in the latest filing.

October 01, 2024
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