{"id":115290,"date":"2021-05-28T01:01:54","date_gmt":"2021-05-28T01:01:54","guid":{"rendered":"https:\/\/fin2me.com\/?p=115290"},"modified":"2021-05-28T01:01:54","modified_gmt":"2021-05-28T01:01:54","slug":"chinese-e-commerce-giant-jd-com-is-set-to-list-its-delivery-arm-in-hong-kong-on-friday","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/chinese-e-commerce-giant-jd-com-is-set-to-list-its-delivery-arm-in-hong-kong-on-friday\/","title":{"rendered":"Chinese e-commerce giant JD.com is set to list its delivery arm in Hong Kong on Friday"},"content":{"rendered":"<ul>\n<li>JD Logistics is set to raise $3.2 billion in its initial public offering after pricing its shares at 40.36 Hong Kong dollars each, at the lower end of the expected range.<\/li>\n<li>While JD Logistics has boosted warehouse efficiency with robots and automation, the final delivery leg depends heavily on more than 200,000 human couriers.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>9618-HK<\/span><\/li>\n<\/ul>\n<p>BEIJING \u2014 Chinese e-commerce giant JD.com is set to list its logistics arm in a Hong Kong public offering on Friday.<\/p>\n<p>The unit&#x27;s vast network of warehouses and delivery workers in China have given JD a competitive edge against its rival Alibaba, as the Beijing-based company can deliver products to millions of customers within the same day, or the next.<\/p>\n<p>JD Logistics is set to raise $3.2 billion in its initial public offering after pricing its shares at 40.36 Hong Kong dollars each, at the lower end of the expected range.<\/p>\n<p>The unit&#x27;s public listing marks the latest in a series for the parent company, after JD.com itself went public in New York and, subsequently completed a secondary listing in Hong Kong. The company&#x27;s health unit, JD Health, was also listed in Hong Kong in December.<\/p>\n<h2>Read more about China from CNBC Pro<\/h2>\n<p>Morgan Stanley picks China stocks for the second half of the year<\/p>\n<p>Goldman Sachs picks the Chinese cloud stocks to buy as internet users soar<\/p>\n<p>Forget high-flying tech stocks. Here\u2019s a \u2018safer way\u2019 to play China\u2019s fintech boom, fund manager says<\/p>\n<p>Dada, a grocery delivery company that counts JD and Walmart as strategic investors, went public in New York in June 2020. JD announced in March it was investing $800 million in Dada, for an ultimate majority stake of 51%.<\/p>\n<p>Earlier this year, JD withdrew an application for listing its fintech arm on the Shanghai Star board.<\/p>\n<h2>Outlook for JD Logistics<\/h2>\n<p>JD Logistics earned 73.4 billion yuan ($11.4 billion) in revenue in 2020. But it expects to &quot;record a significant adjusted loss&quot; in 2021. The company disclosed net losses of 4 billion yuan in 2020, greater than the 2.2 billion yuan in 2019.<\/p>\n<p>While JD Logistics has boosted warehouse efficiency with robots and automation, the final delivery leg depends heavily on more than 200,000 human couriers. As a result, the company said labor costs have accounted for more than 40% of total operating expenses and revenue costs for the last three years.<\/p>\n<p>&quot;Any failure to retain stable and dedicated labor by us may lead to disruptions to or delays in our services,&quot; the company warned, noting overall tightening in the labor market and rising wages.<\/p>\n<p>Another risk is heavy reliance on the state of the parent company JD.<\/p>\n<p>JD Logistics has been trying to sell its delivery services to third parties. But so far its revenue and business have been tied JD, which accounted for more than 50% of the logistics unit&#x27;s revenue last year.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/05\/28\/jd-logistics-hong-kong-ipo-china-ecommerce-giant-jd-to-list-delivery-arm.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JD Logistics is set to raise $3.2 billion in its initial public offering after pricing its shares at 40.36 Hong Kong dollars each, at the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":115289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese e-commerce giant JD.com is set to list its delivery arm in Hong Kong on Friday - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/chinese-e-commerce-giant-jd-com-is-set-to-list-its-delivery-arm-in-hong-kong-on-friday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese e-commerce giant JD.com is set to list its delivery arm in Hong Kong on Friday - 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