Chinese e-commerce firm JD.com to spin off industrial unit in HK float

Chinese e-commerce firm JD.com to spin off industrial unit in HK float

FILE PHOTO: The logo of JD.com is seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo

Chinese e-commerce firm JD.com Inc on Thursday said it planned to spin off JD Industrials, its supply chain-based technology and service provider unit, for listing on the Hong Kong Stock Exchange.

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