|Bid||74.65 x 800|
|Ask||74.69 x 800|
|Day's Range||72.03 - 74.89|
|52 Week Range||27.47 - 86.58|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||507.55|
|Earnings Date||Aug. 11, 2020 - Aug. 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.69|
JD.com (JD) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
(Bloomberg) -- JD Health has selected banks for its planned Hong Kong initial public offering, which it could file for as soon as this month, according to people familiar with the matter.The online health care unit of China’s No. 2 e-commerce giant JD.com Inc. has picked Bank of America Corp., Haitong International Securities Group Ltd. and UBS Group AG to work on the listing, the people said. JD Health aims to raise at least $1 billion from the share sale, the people said, asking not to be identified as the matter is private.Details of the offering including the size and timeline are subject to change, they said. A representative for JD didn’t respond to requests for comment. Representatives for Bank of America, Haitong International and UBS declined to comment.Health care companies in Asia have embarked on a record wave of fundraising as the sector enjoys buoyant valuations thanks to surging investor demand. Hong Kong has seen a parade of biotech firms go public in the city and individual investors have at times put in so many orders than institutional buyers struggled to get their hands on the stocks.Some $12.7 billion has been raised by health-care companies through first-time share sales in Asia this year, higher than full-year tally of any of the past 12 years, data compiled by Bloomberg show. U.S.-traded JD.com raised about $4.5 billion through a second listing in Hong Kong in June.(Updates with Haitong mandate in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Chinese startup Kuaishou, backed by Tencent Holdings Ltd., is considering a Hong Kong initial public offering which could raise as much as $5 billion, according to people familiar with the matter.The company is working with advisers on the share sale, which could happen as soon as early next year, said the people, who asked not to be named as the information is private. Details of the offering including size and timeline could still change as deliberations are at an early stage, the people said.The Information reported Kuaishou’s IPO plan earlier Thursday in Hong Kong, citing unidentified people. A representative for the Chinese startup declined to comment.Kuaishou, or “fast hand,” is the biggest Chinese rival to Douyin, ByteDance Ltd.’s domestic version of short-video sharing app TikTok. Kuaishou established its popularity among users in the country’s smaller cities and rural areas, with people streaming slices of everyday life from harvesting corn to slurping noodles. It later expanded to include audiences in bigger cities, and content ranging from people playing video games to teenagers lip-syncing songs. It has been overtaken by Douyin in popularity, thanks to ByteDance’s mastery of algorithms that determine what videos to show users next -- and to keep them hooked.Kuaishou generates the bulk of its revenue from taking a cut out of the tips users give to their favorite live-streaming performers. But it’s also increasingly expanding into advertising and e-commerce. The Beijing-based company has a deal with China’s No. 2 online retailer JD.com Inc. to sell products through an in-app store, and said it has amassed more than 100 million daily active buyers.Kuaishou’s business is so far largely focused on China. Downloads of its Zynn short-video app spiked in recent months in the U.S., as lip-syncing teens sought TikTok alternatives in the face of President Donald Trump’s ban. Kuaishou’s overseas version is banned in India alongside more than 100 Chinese-made apps.In July, the company hired former Didi Chuxing executive Tony Qiu to oversee its global expansion, according to the people. Qiu reports directly to the co-founder and Chief Executive Officer Su Hua, one of the people said.The startup was considering a U.S. IPO last year to bankroll its expansion and fend off competition, Bloomberg News has reported. Kuaishou was raising more than $1 billion at a $25 billion valuation in a funding round last year, a person familiar with the matter said at that time. Its valuation has recently risen to at least $29 billion in the secondary market, the people said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.