News Snapshot:
By Julie Zhu and Scott Murdoch HONG KONG, Dec 3 (Reuters) - JD Logistics has asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to $3 billion as it moves towards launching the deal in the first half of 2021, according to two sources with direct knowledge of the matter. The logistics business, the offshoot of Chinese e-commerce giant JD.com Inc , would be the latest subsidiary of the parent company to be spun off and listed in Hong Kong. The IPO could raise between $2 billion and $3 billion, said...
