News Snapshot:
JD Logistics Launches Up to $3.4 Billion Hong Kong IPO — Update Provided by Dow Jones May 17, 2021 6:24 AM UTC By Joanne Chiu The logistics arm of JD.com Inc. is looking to raise as much as $3.4 billion through an initial public offering, in the latest Hong Kong listing linked to China's booming e-commerce market. The IPO could value JD Logistics Inc. at up to $34 billion, filings showed on Monday. It follows share sales in the city by JD.com and another of its subsidiaries last year, which in total raised nearly $8.5 billion, according to Dealogic. JD.com...
