China scrutiny stymies JD.Com fintech unit’s $2bn Hong Kong IPO:sources


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The regulator said it will carry out the review of JD Tech’s application for the Hong Kong IPO Reuters - It was not immediately clear how JD Tech is planning to resolve the regulator’s concerns or what the new time frame is for the listing HONG KONG: 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...