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JD continues to prepare for the IPO of its logistics subsidiary

JD Logistics has passed the hearing of the Hong Kong Stock Exchange and also published the official prospectus. The annual revenue of JD Logistics in 2020 was CNY 73.4 billion (47.2%). Among them, the revenue of the integrated supply chain accounted for 75.8%. Here, it was also visible that JD Logistics continues to develop into a marketplace for logistics services. Thus, the share of delivery from external customers has increased to 46.6% (38.4% YoY). There is no exact date for the IPO yet, but it could be one of the most exciting of the year and help to raise a lot of new cash for further expansion.


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