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flag Jingdong Industrials debuted on Hong Kong's stock exchange, raising $383 million in an IPO.

flag Jingdong Industrials, a supply-chain technology unit of JD.com, debuted on the Hong Kong stock exchange on December 11, 2025, raising $383 million in an IPO. flag The stock opened 7.8% below its offering price of HK$14.10, trading near HK$13, and fluctuated throughout the day. flag Proceeds will fund supply-chain upgrades, international expansion, and strategic investments. flag The listing, part of a surge in Hong Kong IPOs in 2025, attracted strong institutional interest despite cautious market sentiment.

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