More than two months after making its first public filing for a Hong Kong IPO, the logistics arm of e-commerce giant JD.com Inc. filed an updated prospectus that showed it earned its first-ever profit even as competition heated up in this year’s first quarter.
JD Logistics Gets Its Hong Kong IPO Back on Schedule
2021年05月04日 19:55
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E-commerce giant JD.com’s affiliate filed for a listing in February, but met with headwinds last month after a major rival reported a shock first-quarter loss
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- JD Logistics’ updated prospectus showed its 2020 revenue rose 47% to 73.4 billion yuan, giving it a roughly 2.7% share of a market whose main business is shipping millions of small packages from e-commerce sellers to buyers. Photo: VCG
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