News Snapshot:
By Zhen Zhou, Toh JD Logistics (JDL HK) is looking to raise US$4bn in its upcoming Hong Kong IPO. The company filed its draft prospectus with HKEX on the 16th Feb 2021. JD Logistics (JDL) was the leading supply chain solutions and logistics services provider in China in terms of revenue in 2018 and 2019. The company offers a full spectrum of supply chain solutions and logistics services ranging from warehousing to distribution, spanning across manufacturing to end-customers, covering regular and specialized items. In this note, we take a look at the company’s financials, business model and share our initial...
