News Snapshot:
February 3, 2021 The logistics unit is reportedly targeting a valuation of $40 billion and plans to start trading in the second quarter. (Source: JD.com) JD Logistics, the distribution arm of Chinese e-commerce giant JD.com, is planning to submit an initial public offering application to the Hong Kong stock exchange as soon as this month, according to reports. The logistics business is targeting a valuation of $40 billion and plans to start trading in the second quarter, according to Refinitiv publication IFR and Chinese news outlet The Paper. The IPO could raise between $2 billion and $3 billion, Reuters previously...
