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JD is getting ready for an affiliate IPO spree · TechNode


Chinese online retailer JD is setting up tentative timetables to take its affiliates public over the next two years, a source with direct knowledge of the matter told TechNode.

The company will focus on its secondary listing in Hong Kong this year, JD Logistics in 2021 and then JD Digits in 2022, according to the source who declined to be named as the information is confidential.

The Chinese e-commerce giant is expected to see some of most valuable assets go public:

The potential listing spree comes as the company’s retail chief Xu Lei is gradually taking over from founder Richard Liu the company’s new leader.

Read more: JD readies for life after Richard Liu

JD.com isn’t the only Chinese tech giant seeking to bring its assets public. Tencent, a shareholder, has a bunch of its affiliates listed since 2017, including search engine arm Sogou, online reading unit China literature, online-only insurance firm Zhong An and Tencent Music. It’s also planning for IPO of healthcare affiliate WeDoctor. The Chinese internet titan had a bumper year with 16 portfolio firms going public in 2018.



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Written by Aakash Malu

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