BBG: Walmart’s booming China business paved way for JD.com split
BLOOMBERG reports: Walmart Inc. is flying so high on the strength of its Chinese operations that it’s ...
REUTERS reports:
JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company’s filings, in one of Hong Kong’s largest share sales in 2021.
The logistics offshoot of JD.com Inc (9618.HK) will sell 609.1 million shares in the deal which is 10% of the company’s total shares, the filings said.
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