Two Subsidiaries under JD.com to Debut in Hong Kong

Pandaily2023-03-31

Chinese e-commerce firm JD.com announced on March 30 that it is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange. JD.com would hold more than 50% of...

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JD.com would hold more than 50% of...</p>\n\n<a href=\"https://pandaily.com/two-subsidiaries-under-jd-com-to-debut-in-hong-kong/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0417516571.SGD","symbol_name":"Allianz Oriental Income Cl AT Acc SGD","start_time":0,"source_url":"https://pandaily.com/two-subsidiaries-under-jd-com-to-debut-in-hong-kong/","article_id":"2323570896","we_media_id":"1045030379","thumbnails":["https://assets.pandaily.com/uploads/2022/05/Untitled-design-2-5.jpg"],"rights":{"source":"pandaily_highlight","url":"https://pandaily.com/two-subsidiaries-under-jd-com-to-debut-in-hong-kong/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2323570896","pubTimestamp":1680232240,"columns":[],"sourceInfo":{"source_id":"pandaily_highlight","name":"Pandaily"},"weMediaInfo":{"media_name":"Pandaily","introduction":"Everything about China's Innovation","home_visible":1,"id":"1045030379","head_image":"https://community-static.tradeup.com/news/aea029d3817be732c49c2a6b4e47b544"},"summary":"\nChinese e-commerce firm JD.com announced on March 30 that it is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange. JD.com would hold more than 50% of Jingdong Property Inc and Jingdong Industrials Inc after the completion of the spinoffs.\n","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","QNETCN":"纳斯达克中美互联网老虎指数","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","BK4551":"寇图资本持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","BK1608":"元宇宙概念","BK1517":"云办公","BK1575":"同股不同权","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","09988":"阿里巴巴-W","LU1642822792.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"A\" (SGD) ACC","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK4534":"瑞士信贷持仓","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","BABA":"阿里巴巴","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","BK4503":"景林资产持仓","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","BK4122":"互联网与直销零售","LU0048597586.USD":"富达亚洲焦点A","LU0052750758.USD":"富兰克林中国基金A Acc","LU0359201612.USD":"贝莱德中国基金A2","LU0348784397.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","BK4587":"ChatGPT概念","BK4213":"石油与天然气的勘探与生产","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","BK1502":"双十一","BK4535":"淡马锡持仓","LU0173614495.USD":"富达中国焦点A","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0651946864.USD":"贝莱德新兴市场股票收益A2","BK4579":"人工智能"},"translate_title":"京东旗下两家子公司赴港上市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.6,"BABA":0.9,"QNETCN":0.6},"content_text":"Chinese e-commerce firm JD.com announced on March 30 that it is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange. JD.com would hold more than 50% of Jingdong Property Inc and Jingdong Industrials Inc after the completion of the spinoffs.\nAccording to a report by Chinastartmarket, Jingdong Property made adjustments to its CFO and CHO in December 2022. Additionally, there were several personnel changes at Jingdong Industrials which may be indicative of preparations for an IPO.\nJingdong Property and Jingdong Industrials have both successfully completed round B financing in the past. JD Industrials raised $300 million in its round B financing, which was jointly led by Mubadala and 42XFund. The funding was followed by investments from M&G, BPEA EQT under global private equity giant EQT, and Sequoia Capital China. On the other hand, Jingdong Property’s round B financing amounted to $800 million and was invested jointly by Hillhouse Capital, Warburg Pincus, and a leading global investment institution.\nJingdong Property is the asset management and operation arm of JD.com. It exclusively handles the development, operation, and management of warehousing and logistics facilities for JD.com. This includes all self-built projects related to these facilities. Over time, Jingdong Property has expanded its client base from logistics service providers to include other industries such as auto manufacturers like BMW, e-commerce platforms like Benlai, as well as retail companies such as Bestore Co and Yonghui Superstores.\nAccording to the prospectus, Jingdong Property generated a revenue of 582 million yuan ($84 million) in 2020. Its revenue increased by 37.2% in 2021, reaching 798.7 million yuan and then grew at a rate of 190.3%, achieving a revenue of 2.32 billion yuan in 2022. The adjusted net profits for the same period were 2.88 billion yuan, 22.4 billion yuan and 31.1 billion yuan respectively.\nAs of December 31, 2022, Jingdong Property’s total asset management scale was valued at 93.7 billion yuan with approximately 23.3 million square meters being its total construction area.\nJingdong Industrials is an industrial supply chain technology and service provider that offers digital solutions to help customers achieve supply guarantee, cost reduction, and efficiency improvement. The company’s transaction volume in 2022 was 22.3 billion yuan with a compound annual growth rate of 38.4% from 2020 to 2022, and it has been profitable for three consecutive years. According to China Insights Consultancy’s report based on the transaction volume in 2022, Jingdong Industrials ranks first in China’s maintenance, repair and operations (MRO) market and is also the largest service provider in China’s industrial supply chain technology and service market.\nSEE ALSO: JD.com Sees Stock Price Drop 11% after Releasing Financial Report\nCurrently, there are three listed companies under JD.com that went public in May 2014 in the United States: Dada Group, JD Health, and JD Logistics.\nJD.com‘s move comes days after rival Alibaba shared plans to split into six independent businesses, each of which can pursue funding and separate listings. The six newly-formed business units of Alibaba is: a Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics, Global Digital Commerce Group, and a Digital Media and Entertainment Group. For internet giants, spin-offs can make organizational structure flatter and promote each business to form independent profitability.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2323570896","isCrawlerRequest":true}