JD’s Logistics Unit Said to Mull IPO at $40 Billion Valuation

Article summary

JD.com Inc. ’s logistics unit is considering an initial public offering that could raise at least $5 billion, according to a person familiar with the matter. JD Logistics is targeting a valuation of about $40 billion, the person said, asking not to be identified as the information is not public. The company is leaning toward choosing Hong Kong as a venue for the IPO, the person said. […] JD Logistics operated more than 800 warehouses across China as of Sept. 30, according to JD’s most recent earnings . […] JD is currently seeking to list its health care unit in Hong Kong in an IPO that would raise about $3 billion, Bloomberg News has reported .

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