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JD Logistics Shares Jumps over 17% from IPO Pricing of HK$40.36 on Friday


JD Logistics Shares Jumps over 17% from IPO Pricing of HK$40.36 on Friday
3 hours ago by Steve Muchoki · 3 min read
Photo: Depositphotos
During the financial year 2020, JD Logistics arm reported revenue of approximately $11 billion.
JD Logistics shares closed Hong Kong IPO debut trading at HK$41.70, up 3.3% from the opening price. JD Logistics is a spin-off from the Chinese e-commerce firm JD.com Inc (NASDAQ: JD). Notably, JD Logistics shares had risen as much as 18% during the Hong Kong trading hours.
Consequently, JD shares on Nasdaq tweaked approximately 0.23% during the Friday pre-market session to trade around $73.00. Notably, JD Logistics raised approximately $3.2 billion mostly from retail investors and will use the funds to develop infrastructure for logistics according to CEO Yu Yui. ....

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Shares of Jimmy Lair's Hong Kong media group rose 330%


Shares of Jimmy Lair’s Hong Kong media group rose 330%
Shares of the Hong Kong-controlled media company controlled by Jimmy Laik rose 330 percent when they began trading as authorities froze the assets of a pro-democracy imprisoned tycoon under a controversial national security law.
Hong Kong-listed Next Digital has an Apple Daily newspaper, which angered the city government over its role in holding pro-democracy demonstrations in 2019. Lai is in prison for participating in protests and has other allegations, including conspiracy to join foreign forces. According to Hong Kong security law.
Shares of Next Digital were later cut in Thursday’s trading to gain 96 percent higher. ....

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GLOBAL MARKETS-Asia shares higher as investors overlook U.S. hedge fund default


4 Min Read
HONG KONG, March 30 (Reuters) - Asian share markets strengthened Tuesday as investors remained focused on the global vaccination program and shook off worries about a hedge fund default that hit international banking stocks overnight.
European stocks look set to open higher with Euro Stoxx futures up 0.35% and Britain’s FTSE futures 0.33% higher.
Sentiment among Asian investors was mixed early but turned positive later in the session with most of the region’s major markets trading higher.
The MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.6% higher, while mainland China’s CSI300 index rose 1%.
Hong Kong’s Hang Seng Index found 1.2% to reach 28,668, driven up by a rebound in the city’s tech stock index which has been under pressure from concerns about the Chinese government’s move to increase regulation of those companies. ....

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