News / E-commerce giant JD.com applies to spin-off supply chain arm

© Shannon Fagan |

Chinese e-commerce platform JD.com has submitted an application to the Hong Kong Stock Exchange (HKEX) to separately list its supply chain arm, JD Logistics.

The parent company said the spin-off would comprise a global share offering, although it said it expected to retain more than 50% of the company.

JD.com said one of the main reasons behind the spin-off was to attract investors seeking to capitalise on the growth opportunities in the supply chain sector, “which is different from the relatively more diverse business model of JD Group’s operations”.It added that a separate listing ...