JD.com has a reputation for the fastest package delivery service in China. You order something in the evening, and it’s often at your door in the morning. That’s because of JD Logistics—and soon, JD Logistics is going to be a public company.
JD Logistics is set for an IPO on May 28. It’s the third subsidiary of e-commerce marketplace JD.com to go public in two years.
The logistics spinoff occupies a higher-end niche in the delivery business, making use of vertically integrated infrastructure and an army of delivery men to hand off 90% of orders within the same day. But excellent service comes at a cost: JD Logistics is often singled out in Chinese media because it hasn’t turned a yearly profit since its inception. Will these losses continue after the IPO? What is the company’s strategy going forward? And how independent will the JD spin off be from the e-commerce mothership?
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