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.