JD Logistics IPO expands the e-commerce empire of China’s largest retail company with third related public listing in nine months

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HONG KONG: Richard Liu Qiangdong, the billionaire founder of Chinese e-commerce giant JD.com, has applied to list his company’s delivery arm JD Logistics in Hong Kong, which will be the third public offering of his business empire within nine months.

The company has not specified the amount it hopes to raise, but JD.com is expected to raise about US$5 billion by floating shares of the logistics unit, with the total value of JD Logistics possibly reaching US$40 billion, according to a report by Bloomberg. That would make it China’s second-most valuable delivery company after Shenzhen-listed SF Express. This comes after JD.com’s US$4.5 billion secondary listing last June and a US$3.5 billion IPO by JD Health in December.