JD.com may withdraw fintech unit’s stock sale in Shanghai’s Star Market after restructuring at JD Technology, sources say


Source: scmp.com scmp.com

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JD.com’s fintech unit, known as JD Finance until 2018, was renamed JD Digits, and then renamed JD Technology in January The unit absorbed JD.com’s artificial intelligence and cloud computing businesses in its latest restructuring The company feels it’s appropriate to withdraw the IPO plan because its name, its business and its senior management team have all changed since the initial listing plan was first filed, said one source who is involved in the listing discussions. JD Technology, the fintech unit of one of China’s largest online shopping platforms, is likely to withdraw its initial public offering (IPO) from Shanghai’s Star...