News Snapshot:
The fintech subsidiary of e-commerce giant JD.com has been forced to delay its proposed USD$2 billion initial public offering (IPO) in Hong Kong due the withholding of approval by the Chinese securities regulator. JD Technology applied with the China Securities Regulatory Commission (CSRC) for an offshore listing in late January, according to information from CSRC’s official website. Sources said to Bloomberg that JD Technology originally planned to make filings with the Hong Kong Stock Exchange (HKSE) by the end of March, for a listing before the end of the year. While JD Technology had already appointed banks to assist with...
