JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble

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JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble

South China Morning Post2021-05-28

Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...

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Karenyong
·2021-06-16
Tell me your opinion about this news...
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th0mastan
·2021-05-30
The scale of JD logistic is massive and this is the key differentiating factor among all thee-commerce players which adopts third party vendor. JD recently launched its autonomous delivery vehicles. This could be the futureto delivery which solves the manpower and last mile problems.
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Deonc
·2021-05-28
Great
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th0mastan
·2021-05-28
JD logistics strategy will reap massive reward in the future
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Otahman
·2021-05-28
Like n comment
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2
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- Iykyk:
  ?
  2021-05-30
  Reply
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- Hodl:
  LiKe and and commebt please
  2021-05-28
  Reply
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- AdrianJon:
  Nice
  2021-05-28
  Reply
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Karenyong
·2021-05-28
Tell me your opinion about this news...
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1
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- Otahman:
  Reply me
  2021-05-28
  Reply
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Big__Boss
·2021-05-28
mmmm
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2
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cherylllll
·2021-05-28
!!
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JoelLim
·2021-05-28
Pls comment and like
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5
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- Firework peh:
  good prospects
  2021-05-28
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- Otahman:
  Done reply me pls
  2021-05-28
  Reply
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- Louis7779:
  Great
  2021-06-04
  Reply
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Benj90
·2021-05-28
Ok
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PangWeeJing
·2021-05-28
Another one of bigger IPO
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CPCat
·2021-05-28
JD.com will trim their holdings by about 15% point. Will this trigger a sell off and lower price? Can the markwt absorb these shares and maintain the price?
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Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","kind":null,"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":1},"commentList":[{"id":169186688,"gmtCreate":1623821721044,"gmtModify":1703820536634,"author":{"id":"3580192763144876","authorId":"3580192763144876","name":"Karenyong","avatar":"https://static.tigerbbs.com/44dba447c6f541983ed924e4d35924c6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580192763144876","authorIdStr":"3580192763144876"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169186688","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":137735878,"gmtCreate":1622389395594,"gmtModify":1704183741312,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573383537150312","authorIdStr":"3573383537150312"},"htmlText":"The scale of JD logistic is massive and this is the key differentiating factor among all thee-commerce players which adopts third party vendor. JD recently launched its autonomous delivery vehicles. This could be the futureto delivery which solves the manpower and last mile problems.&nbsp;","listText":"The scale of JD logistic is massive and this is the key differentiating factor among all thee-commerce players which adopts third party vendor. JD recently launched its autonomous delivery vehicles. This could be the futureto delivery which solves the manpower and last mile problems.&nbsp;","text":"The scale of JD logistic is massive and this is the key differentiating factor among all thee-commerce players which adopts third party vendor. JD recently launched its autonomous delivery vehicles. This could be the futureto delivery which solves the manpower and last mile problems.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/137735878","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":134137905,"gmtCreate":1622210890107,"gmtModify":1704181593876,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134137905","repostId":2138514109,"repostType":2,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":134398074,"gmtCreate":1622206067398,"gmtModify":1704181438827,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573383537150312","authorIdStr":"3573383537150312"},"htmlText":"JD logistics strategy will reap massive reward in the future&nbsp;","listText":"JD logistics strategy will reap massive reward in the future&nbsp;","text":"JD logistics strategy will reap massive reward in the future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134398074","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":134903163,"gmtCreate":1622197118952,"gmtModify":1704181295205,"author":{"id":"3567482716620513","authorId":"3567482716620513","name":"Otahman","avatar":"https://static.tigerbbs.com/dbd099972f177a5bb9c4f8a5666b4a77","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3567482716620513","authorIdStr":"3567482716620513"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/134903163","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4500269,"gmtCreate":1622330510274,"gmtModify":1680791872001,"authorId":3561094934768918,"author":{"id":3561094934768918,"idStr":"3561094934768918","authorId":3561094934768918,"name":"Iykyk","avatar":"https://community-static.tradeup.com/news/4330127ff99e15a7dc358c141514b8c3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":134903163,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":4484094,"gmtCreate":1622199883539,"gmtModify":1680791573761,"authorId":3579666066637422,"author":{"id":3579666066637422,"idStr":"3579666066637422","authorId":3579666066637422,"name":"Hodl","avatar":"https://static.tigerbbs.com/d591a82f579d3114da9795812a4217a0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":134903163,"type":1,"supId":0,"prevId":0,"content":"LiKe and and commebt please","text":"LiKe and and commebt please","html":"LiKe and and commebt please"},{"id":4483867,"gmtCreate":1622198143758,"gmtModify":1680791572876,"authorId":3569322833605065,"author":{"id":3569322833605065,"idStr":"3569322833605065","authorId":3569322833605065,"name":"AdrianJon","avatar":"https://static.tigerbbs.com/cb6e8c453662dae51b3fcc1ef5dc31d2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":134903163,"type":1,"supId":0,"prevId":0,"content":"Nice ","text":"Nice ","html":"Nice "}],"langContent":"EN"},{"id":134900711,"gmtCreate":1622196999233,"gmtModify":1704181289157,"author":{"id":"3580192763144876","authorId":"3580192763144876","name":"Karenyong","avatar":"https://static.tigerbbs.com/44dba447c6f541983ed924e4d35924c6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580192763144876","authorIdStr":"3580192763144876"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/134900711","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4483727,"gmtCreate":1622197128820,"gmtModify":1680791561848,"authorId":3567482716620513,"author":{"id":3567482716620513,"idStr":"3567482716620513","authorId":3567482716620513,"name":"Otahman","avatar":"https://static.tigerbbs.com/dbd099972f177a5bb9c4f8a5666b4a77","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.01","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":134900711,"type":1,"supId":0,"prevId":0,"content":"Reply me","text":"Reply me","html":"Reply me"}],"langContent":"EN"},{"id":134900861,"gmtCreate":1622196939653,"gmtModify":1704181288501,"author":{"id":"3570517865216539","authorId":"3570517865216539","name":"Big__Boss","avatar":"https://static.tigerbbs.com/2c36c2fe68f671064d7d1fd9b7268165","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3570517865216539","authorIdStr":"3570517865216539"},"htmlText":"mmmm","listText":"mmmm","text":"mmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134900861","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":134077342,"gmtCreate":1622196839886,"gmtModify":1704181286956,"author":{"id":"3581604328043684","authorId":"3581604328043684","name":"cherylllll","avatar":"https://static.tigerbbs.com/93585855ca22313ab48226a7f2ed6b7c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581604328043684","authorIdStr":"3581604328043684"},"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134077342","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":134079507,"gmtCreate":1622196124109,"gmtModify":1704181276588,"author":{"id":"3566785415984960","authorId":"3566785415984960","name":"JoelLim","avatar":"https://static.tigerbbs.com/98c348f4b6b893e05b4b77c9078bd941","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3566785415984960","authorIdStr":"3566785415984960"},"htmlText":"Pls comment and like","listText":"Pls comment and like","text":"Pls comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/134079507","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4483917,"gmtCreate":1622198533174,"gmtModify":1680791572163,"authorId":3557460658824677,"author":{"id":3557460658824677,"idStr":"3557460658824677","authorId":3557460658824677,"name":"Firework peh","avatar":"https://static.tigerbbs.com/9873e8ddb08004279796752daf19a999","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.19","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":134079507,"type":1,"supId":4483729,"prevId":0,"content":"good prospects","text":"good prospects","html":"good prospects"},{"id":4483729,"gmtCreate":1622197136772,"gmtModify":1680791560291,"authorId":3567482716620513,"author":{"id":3567482716620513,"idStr":"3567482716620513","authorId":3567482716620513,"name":"Otahman","avatar":"https://static.tigerbbs.com/dbd099972f177a5bb9c4f8a5666b4a77","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.01","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":134079507,"type":1,"supId":0,"prevId":0,"content":"Done reply me pls","text":"Done reply me pls","html":"Done reply me pls"},{"id":4580393,"gmtCreate":1622814002489,"gmtModify":1663227959832,"authorId":3579095725705542,"author":{"id":3579095725705542,"idStr":"3579095725705542","authorId":3579095725705542,"name":"Louis7779","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":134079507,"type":1,"supId":0,"prevId":0,"content":"Great","text":"Great","html":"Great"}],"langContent":"EN"},{"id":134070764,"gmtCreate":1622196063658,"gmtModify":1704181275120,"author":{"id":"3585205825397095","authorId":"3585205825397095","name":"Benj90","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585205825397095","authorIdStr":"3585205825397095"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134070764","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":134042246,"gmtCreate":1622195716685,"gmtModify":1704181269080,"author":{"id":"3581747103750696","authorId":"3581747103750696","name":"PangWeeJing","avatar":"https://static.tigerbbs.com/de241d639912da15c65e7f80e6b64cc3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581747103750696","authorIdStr":"3581747103750696"},"htmlText":"Another one of bigger IPO&nbsp;","listText":"Another one of bigger IPO&nbsp;","text":"Another one of bigger IPO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134042246","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":134041336,"gmtCreate":1622195309325,"gmtModify":1704181264524,"author":{"id":"3582520228861009","authorId":"3582520228861009","name":"CPCat","avatar":"https://static.tigerbbs.com/3bafaf3d39abfb78a4bedf785310721a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3582520228861009","authorIdStr":"3582520228861009"},"htmlText":"JD.com will trim their holdings by about 15% point. Will this trigger a sell off and lower price? Can the markwt absorb these shares and maintain the price?","listText":"JD.com will trim their holdings by about 15% point. Will this trigger a sell off and lower price? Can the markwt absorb these shares and maintain the price?","text":"JD.com will trim their holdings by about 15% point. Will this trigger a sell off and lower price? Can the markwt absorb these shares and maintain the price?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134041336","repostId":2138514109,"repostType":4,"repost":{"id":"2138514109","pubTimestamp":1622194500,"share":"https://ttm.financial/m/news/2138514109?lang=&edition=fundamental","pubTime":"2021-05-28 17:35","market":"us","language":"en","title":"JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2138514109","media":"South China Morning Post","summary":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, beg","content":"<p>Shares of JD Logistics, the transport subsidiary of <a href=\"https://laohu8.com/S/AONE\">one</a> of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.</p><p>The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.</p><p>The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.</p><p>Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.</p><p>The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.</p><p class=\"t-img-caption\"><img src=\"https://s.yimg.com/uu/api/res/1.2/5AJUfRgvTTIP3QaTDsnWqA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/b98386004cf91812deb4ce27c1bfc97c\" tg-width=\"972\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><span>Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures</span></p><p>\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"</p><p>Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.</p><p>As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.</p><p>There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.</p><p>The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.</p><p>\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"</p><p class=\"t-img-caption\"><img src=\"https://s1.yimg.com/uu/api/res/1.2/D66w.sevRmVgqHORFB2OUQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/south_china_morning_post_us_228/bde2a110f278f7833ee7341a3ccfa416\" tg-width=\"972\" tg-height=\"647\" referrerpolicy=\"no-referrer\"><span>This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP</span></p><p>China is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.</p><p>Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.</p><p>\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.</p><p>This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's <a href=\"https://laohu8.com/S/FB\">Facebook</a> and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics' shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","JD":"京东","JDCMF":"JD.com, Inc.","09888":"百度集团-SW","02618":"京东物流"},"source_url":"https://finance.yahoo.com/news/jd-logistics-shares-debut-premium-093000070.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138514109","content_text":"Shares of JD Logistics, the transport subsidiary of one of China's largest e-commerce companies, began trading at a smaller-than-expected premium to its offered price in Hong Kong.The stock opened at HK$46.05, 14.1 per cent higher than its initial public offering (IPO) price of HK$40.36, smaller than the 20 per cent premium expected by analysts. Still, the first-day gain was substantial compared with the recent flops involving Chinese search-engine company Baidu and short-video app operator Bilibili. It also surpassed the 3.5 per cent gain in its parent JD.com's trading debut last June.The company's shares were indicated at HK$48.55 in grey-market trading on Thursday, according to prices from Phillip Securities. They fetched HK$49.50, according to Bright Smart Securities. The company sold 609.2 million shares at HK$40.36 each.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.The upside could not have come at a better time for investors hamstrung by months of concerns over China's antitrust clampdown on tech companies. The Hang Seng Index has gained 1.4 per cent in a typically notorious month for traders. Tech stocks in the city are set for a first back-to-back weekly advance following a US$452 billion sell-off from mid-February.Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures alt=Snapshots of JD Logistics' pre-trading grey market prices on Bright Smart Securities and Phillip Securities. Photo: SCMP Pictures\"JD Logistics is the first big listing since market sentiment worsened after China's anti-monopoly crackdown,\" said Kenny Tang Sing-hing, co-founder and chief executive of Royston Securities in Hong Kong before trading commenced. \"A strong debut could mark a shift in sentiment for existing new-economy stocks.\"Since Kuaishou Technology rallied 161 per cent on February 5, other big initial public offerings in Hong Kong of more than US$2 billion in size have fumbled, giving retail investors a chill. Baidu handed buyers zero gain on its March 23 bow, while China's YouTube equivalent Bilibili slipped 1 per cent on March 29.As a result, the pace of new listings has cooled. The local bourse hosted only two stock offerings this month versus three in April and 11 in March, according to exchange data. Still, companies have raised HK$182.7 billion of proceeds in January to May, versus HK$25.2 billion a year earlier.There are downsides investors should note, according to Stanley Chan, director of research at Emperor Securities. Without the bullish sentiment that powered Kuaishou's debut, JD Logistics could come under pressure after its first-day pop.The firm sold new shares at the lower end of a price range of HK$39.36 to HK$43.36. The industry is also fraught with fierce competition, as Chinese peer S.F. Holdings' first-quarter losses showed. Even Kuaishou is getting battered, sliding 14.6 per cent this week, as losses widened.\"JD Logistics will not be as hot as Kuaishou or other IPOs that surged earlier this year,\" said Chan, who expects the upside to topped 30 per cent. \"Investors will be more conservative this time around.\"This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFP alt=This photo taken on January 2018 shows a driverless delivery vehicle for JD.com during a test operation at the Sino-Singapore Tianjin Eco-City in Tianjin. Photo: AFPChina is the world's largest logistics market based on total logistics spending of 14.9 trillion yuan in 2020. The market is forecast to reach 19.3 trillion yuan by 2025, the company said, citing industry researcher China Insights Consultancy.Still, the Beijing-based firm expects to post a wider net loss this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.The firm has warned of significant fluctuations in its profitability profile in the near-to-medium term, as it prioritised growth and garnering market share over profitability. JD.com will trim its stake to 64.4 per cent from 79 per cent after the IPO.\"Now that market sentiment has grown a bit more cautious, investors may be a bit concerned, although they will be more focused on revenue growth and whether the development of the market will be impacted by tightened regulation,\" said Royston Securities' Tang.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":20,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}