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Subscriber Only Plans to List Shipping Unit to Ride E-Commerce Boom

  • An IPO is said to value the logistics arm at about $40 billion
  • JD built one of China’s largest shipping operations over years
Updated on Inc. plans to list its shipping business in Hong Kong, raising potentially billions of dollars to capitalize on China’s post-Covid e-commerce boom.

JD Logistics Inc.’s initial public offering could raise roughly $5 billion and value the unit at about $40 billion, people familiar with the matter have said. Details of the proposed spinoff haven’t been finalized, the company said in an IPO prospectus filed to the stock exchange.