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JD.com’s Property and Industrial Units Seek About $1 Billion Each in Hong Kong I

wsj 3 min read . Updated: 31 Mar 2023, 06:51 PM IST The Wall Street Journal
FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 16, 2014. Picture taken June 16, 2014. REUTERS/Jason Lee/File Photo (REUTERS)Premium
FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 16, 2014. Picture taken June 16, 2014. REUTERS/Jason Lee/File Photo (REUTERS)

  • Chinese e-commerce giant says it plans to spin off the two businesses through separate listings

JD.com Inc.’s property and industrials units are targeting to raise about $1 billion each in Hong Kong initial public offerings, people familiar with the matter said, adding to the supply of potentially sizable deals that could hit the market this year.