JD’s dual listing in Hong Kong may come in June
Posted On May 13, 2020
The Chinese e-commerce giant JD is adding liquidity to its shares by seeking $2 – $3 billion for its Hong Kong debut. Apart from that, the company’s logistics arm and grocery delivery affiliate Dada-JD Daojia are preparing separate listings. The listing comes at a pivotal time when its retail chief Xu Lei is gradually taking over the responsibility of Richard Liu as the new leader. Hong Kong bourse has been favoured by Chinese tech companies recently, which is the place where JD’s rival Alibaba raised $13 billion on its market debut last year.