China Scrutiny Stymies JD.Com Fintech Unit's $2 Billion Hong Kong IPO Sources Investing News


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FILE PHOTO: A man stands outside JD.Com’s headquarters, amid the Singles' Day shopping festival, during an organised tour in Beijing, China, November 9, 2021. REUTERS/Tingshu Wang Reuters By Julie Zhu and Scott Murdoch HONG KONG (Reuters) - JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been forthcoming, said four people with knowledge of the matter. The financial technology, cloud and artificial intelligence arm of JD.Com applied to the China Securities Regulatory Commission (CSRC) in late January...