JD Logistics shares jumps in Hong Kong stock debut
JD Logistics Inc.’s shares have jumped 14% in their trading debut in Hong Kong
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.JD Logistics' shares jumped 14% in their trading debut Friday in Hong Kong
The company is a subsidiary of Chinese e-commerce giant JD.com. It is the latest technology company to list in the semi-autonomous Chinese city as Beijing intensifies scrutiny of the technology sector.
The firm raised $3.1 billion in its initial public offering. That’s the second largest for this year in Hong Kong after short-video firm Kuaishou raised $5.3 billion.
Beijing recently has cracked down on China's thriving internet industry, seeking to exert more control and curb anti-competitive behavior, with actions taken against companies including Alibaba Tencent and Meituan.