Jun 16, 2020
JingDong to Raise Funds with Second Listing on HK Exchange
JD.com will relist on the HK exchange, to raise funds for investment in supply-chain related services. JD's sales revenue in 2019 reached 576.9 billion yuan ($86 billion), outpacing Alibaba's by nearly 70 billion yuan ($10 billion). JD has reached a cooperation with Kuaishou to engage in live-streaming e-commerce.

On June 8, JD Group (京东) announced on the Hong Kong Stock Exchange that it officially launched its public offering at 9 am that day [1]. The public offering price is no more than 236 Hong Kong dollars per share. The expected pricing date is June 11. JD also announced it would go public for the second time in Hong Kong on June 18. In terms of shareholding structure, Liu Qiangdong (刘强东), chairman and CEO of JD.com, holds 15.1% of JD, while Tencent (腾讯) holds 17.8% and Walmart 9.8%.

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Jocelyn Sun
ChemLinked Brand Strategist
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