JD Industrial plans to go public in Hong Kong! Liu Qiangdong holds 3.68% of the shares
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JD Industrial Co., Ltd. submitted a prospectus to the Hong Kong Stock Exchange on September 30th, planning to list on the main board in Hong Kong. The company focuses on MRO procurement services and is ranked first in the Chinese market in terms of transaction volume in 2023. JD Industrial's transaction volume is expected to grow from 17.4 billion yuan in 2021 to 26.1 billion yuan in 2023, with an average annual growth rate of 22.5%. The IPO proceeds will be used to enhance supply chain capabilities and business expansion. Liu Qiangdong holds a 3.68% stake through Max I&P Limited
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