Finance

China Alibaba rival JD raises $12 billion via IPO stock listings

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Workers load packages into delivery carts at a JD.com distribution center in Beijing on July 16, 2020.

GREG BAKER | AFP | Getty Images

BEIJING — In less than a year, Chinese e-commerce giant JD.com has raised $12 billion through public offerings in Hong Kong and New York.

The listings involved JD’s subsidiaries and its own secondary stock offering in Hong Kong. Bank of America was the only investment bank to participate in every single listing, according to public filings.

Here are the four JD affiliates that have gone public since June:

1. JD Logistics, the company’s delivery unit, went public in Hong Kong on Friday, and raised about $3.2 billion. Its vast network of warehouses and more…



Source cnbc.com

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