JD.com kickstarts process to spin off industrials unit ahead of HK listing

JD.com kickstarts process to spin off industrials unit ahead of HK listing

FILE PHOTO: The logo of JD.com is seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo

China’s Jingdong Industrials, part of e-commerce giant JD.com, has renewed its Hong Kong initial public offering ambitions, lodging an application with the city’s stock exchange to carry out a share offering, according to regulatory filings.