JD.com Stock Jumps After Plans to Spin Off Two Units. Thank You, Alibaba. -- Barrons.com

Dow Jones2023-03-31

By Jack Denton

JD.com said it will spin off two of its units, just days after larger peer Alibaba announced a sweeping plan for the technology conglomerate to split itself up. Chinese tech stocks at large are set to gain from the trend.

JD.com (ticker: JD), which has a core Chinese e-commerce business alongside other diverse interests, said Thursday that it plans to spin off JD Property and JD Industrials in separate Hong Kong listings. U.S.-listed stock of JD.com gained 7.8% on Thursday, the stock's best day in nine months, though it was paring gains Friday, falling 0.5% in premarket trading.

The plan to spin off two units comes only days after Alibaba $(BABA)$, one of China's largest and most important companies, announced a surprise plan to split itself up into six units, five of which could go public on their own.

Alibaba stock has torn higher this week as investors celebrated the decision, which is largely a bid to unlock value for shareholders. The Alibaba news also buoyed Chinese tech stocks at large -- with JD.com shares rising ahead of its own spinoff announcement -- amid expectations it could prompt others to do the same.

Write to Jack Denton at jack.denton@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 31, 2023 05:04 ET (09:04 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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Chinese tech stocks...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"LU0307460666.USD","symbol_name":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2323811490","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2323811490","pubTimestamp":1680253440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Jack Denton \n\n\n  JD.com said it will spin off two of its units, just days after larger peer Aliba","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","09618":"京东集团-SW","BK4509":"腾讯概念","BK4534":"瑞士信贷持仓","LU0084288322.USD":"Natixis Asia Equity RD USD","BK4524":"宅经济概念","BK4535":"淡马锡持仓","QNETCN":"纳斯达克中美互联网老虎指数","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4579":"人工智能","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","BK4588":"碎股","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4502":"阿里概念","LU0052750758.USD":"富兰克林中国基金A Acc","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BABA":"阿里巴巴","BK4504":"桥水持仓","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0140636845.USD":"施罗德大中华区股票A Acc","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4565":"NFT概念","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","BK1517":"云办公","BK4585":"ETF&股票定投概念","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","BK1575":"同股不同权","BK1502":"双十一","BK1584":"蚂蚁金服概念","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","SG9999002463.SGD":"LionGlobal China Growth SGD","IE0008368742.USD":"首域中国增长基金I Acc","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC"},"translate_title":"京东股票在计划剥离两个部门后上涨。谢谢你，阿里巴巴-SW。--巴伦网","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09618":1,"BABA":0.9,"QNETCN":0.6},"content_text":"By Jack Denton \n\n\n  JD.com said it will spin off two of its units, just days after larger peer Alibaba announced a sweeping plan for the technology conglomerate to split itself up. Chinese tech stocks at large are set to gain from the trend. \n\n\n     JD.com (ticker: JD), which has a core Chinese e-commerce business alongside other diverse interests, said Thursday that it plans to spin off JD Property and JD Industrials in separate Hong Kong listings. U.S.-listed stock of JD.com gained 7.8% on Thursday, the stock's best day in nine months, though it was paring gains Friday, falling 0.5% in premarket trading. \n\n\n     The plan to spin off two units comes only days after Alibaba $(BABA)$, one of China's largest and most important companies, announced a surprise plan to split itself up into six units, five of which could go public on their own. \n\n\n     Alibaba stock has torn higher this week as investors celebrated the decision, which is largely a bid to unlock value for shareholders. 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