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Jingdong Industrials debuted on Hong Kong's stock exchange, raising $383 million in an IPO.
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.
The stock opened 7.8% below its offering price of HK$14.10, trading near HK$13, and fluctuated throughout the day.
Proceeds will fund supply-chain upgrades, international expansion, and strategic investments.
The listing, part of a surge in Hong Kong IPOs in 2025, attracted strong institutional interest despite cautious market sentiment.
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Jingdong Industrials debutó en la bolsa de valores de Hong Kong, recaudando 383 millones de dólares en una salida a bolsa.