JD Jun 2024 50.000 call
- Yahoo Finance Video
JD.com stock pops as subsidiaries file for IPOs in Hong Kong
Yahoo Finance Live discusses the rise of JD.com stock while their subsidiaries file for IPOS, despite the restrictions of Big Tech in China.
- Reuters
UPDATE 1-China's JD.com to spin off industrial, property units in Hong Kong float
Chinese e-commerce firm JD.com Inc said on Thursday it planned to spin off its property and industrial units and list them on the Hong Kong Stock Exchange. Upon completion of the proposed spin off of JD Logistics and JD Property, JD.com said it would continue to indirectly hold more than 50% of the shares in both units which will remain as subsidiaries of the company. The revamp comes a day after bigger rival Alibaba Group said it was planning to split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history.
- Reuters
China's JD.com to spin off industrial, property units in Hong Kong float
(Reuters) -E-commerce firm JD.com Inc said on Thursday it planned to spin off its property and industrial units and list them on the Hong Kong Stock Exchange, the latest revamp in the Chinese technology sector after a sweeping regulatory crackdown. JD.com said it would continue to hold a stake of more than 50% in the units, JD Industrials and JD Property, upon completion of the proposed spin-off. Rival Alibaba Group had earlier this week disclosed its own plan to split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history.
