JD.com's logistics arm seeks to raise up to $3.4bn in Hong Kong IPO

WhatsApp JD Logistics, the supply unit of Chinese language ecommerce group JD.com, will search to lift as much as $3.4bn in what can be one among Hong Kong's largest preliminary public choices this yr. The corporate's resolution to listing follows a increase in on-line purchasing throughout the coronavirus pandemic. However a tougher regulatory environment for Chinese language expertise teams and a current fall within the shares of SF Holding, one among JD Logistics' largest opponents, pushed the corporate's proposed IPO worth down by a few quarter, in accordance with an individual near the deal. JD Logistics will promote 609.2m shares…