JD.com's Jingdong Property files for Hong Kong IPO
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Jingdong Property, a logistics infrastructure manager majority-owned by JD.com, has filed for an IPO in Hong Kong. This marks its second attempt after a previous application lapsed. The company plans to use the proceeds to expand its infrastructure network and upgrade services. As of September 30, it managed assets worth 121.5 billion yuan, with a revenue increase of 21% in the first nine months of 2025. JD.com will remain the controlling shareholder post-listing, with BofA Securities, Goldman Sachs, and Haitong International as joint sponsors.
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