JD Technology likely to withdraw IPO on STAR Market

JD Technology likely to withdraw IPO on STAR Market

REUTERS/Aly Song

JD Technology, the fintech unit of Chinese e-commerce giant JD.com Inc., is likely to withdraw its application for an initial public offering on Shanghai’s technology-heavy Star Market, the South China Morning Post reported, becoming the latest casualty of China’s wide-ranging crackdown on the country’s sprawling online finance industry.