Shulou(Shulou.com)11/24 Report--

CTOnews.com March 31 news, JD.com Group announced yesterday that the proposed spin-off of JD.com Industries on the main board of the Stock Exchange of Hong Kong listed independently. Upon completion of the proposed spin-off, the Company will continue to indirectly hold more than 50 per cent of JD.com Industries. Therefore, JD.com Industries will remain a subsidiary of the Company.

It is proposed to spin off JD.com to be listed independently on the main board of the Stock Exchange of Hong Kong. Upon completion of the proposed spin-off, the Company will continue to indirectly hold more than 50 per cent of JD.com. Therefore, JD.com will remain a subsidiary of the Company.

According to official information, JD.com was registered in the Cayman Islands on January 19, 2012. It is currently the leading and fastest growing modern infrastructure development and management platform in China and Asia, including logistics parks, industrial parks and others. JD.com provides customized, comprehensive and intelligent infrastructure solutions, and extends its customer base to third-party logistics, e-commerce, manufacturing, retail and other new economy industries. JD.com currently holds about 74.96 per cent of the total issued share capital of JD.com through its wholly-owned subsidiary.

JD.com Industries was incorporated in the Cayman Islands on November 5, 2019. Is China's leading industrial supply chain technology and service provider. Through the implementation of transformative, full-link industrial supply chain digitization, JD.com Industries helps its customers achieve guaranteed supply, cost reduction and efficiency. JD.com currently holds about 77.95 per cent of JD.com 's total issued share capital. After the proposed spin-off is completed, JD.com will continue to operate, including online retail and e-commerce platform business, providing a wide range of products.

CTOnews.com noted that this morning, the Hong Kong stock JD.com Group opened 7% higher, with a turnover of more than HK $200 million.

It is worth noting that Alibaba, another Chinese giant, also reported the news of Hong Kong stock spin-off and listing earlier. Sina reported late Thursday that Alibaba's $20 billion logistics unit is preparing for Hong Kong's IPO. In response, the rookie responded that there is no clear plan and timetable at present.

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