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JD Logistics soars in Hong Kong debut, valuing it at $36 billion - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
HONG KONG (AP) â JD Logistics’ shares were up 2.8% after jumping as much as 18% in their trading debut Friday in Hong Kong. The company is a subsidiary of Chinese e-commerce giant JD.com. It is the latest technology company to list in the semi-autonomous Chinese city as Beijing intensifies scrutiny of the technology sector. The firm raised $3.1 billion in its initial public offering. Thatâs the second largest for this year in Hong Kong after short-video firm Kuaishou raised $5.3 billion. JD Logistics CEO Yu Rui said in an interview with reporters Friday that the funds raised from its IPO will go to expanding its logistics network, including in smaller cities in China, and worldwide. ....
Shares in the delivery arm of Chinese ecommerce giant JD.com rallied as much as 14 percent on its stock markets debut in Hong Kong on Friday after raising more than $3 billion in the financial hub's second-biggest initial public offering this year. ....
HONG KONG/BEIJING JD Logistics Inc soared 14% on debut, giving the Chinese delivery and warehousing firm a $36 billion stock market value and providing a… ....