Reflections on JD Industrial’s IPO: Bridging the Trillion-Dollar ‘Islands’

JD Industrial, a Chinese tech giant, recently went public unveiling a captivating story of resilience and charm more akin to an experimental report on “trillion-dollar cost reduction” in China’s industrial sector rather than a mere success tale of an internet company venturing into the industrial domain. The journey wasn’t easy. Despite skepticism surrounding an e-commerce firm stepping into the hefty and expertise-driven industrial field to revamp the supply chain, JD Industrial received approval. By 2023, it saw profits with a net income of 4.8 million yuan, escalating to 760 million yuan in 2024 and 450 million yuan in the first…