JD.com's logistics spinoff, which counts China Life and Tencent as investors, has received approval for an offering set to be between $3bn and $4bn in size.
JD Logistics, the logistics services subsidiary of China-headquartered e-commerce firm JD.com, received approval yesterday for an initial public offering expected to net it up to $4bn, the South China Morning Post reported. The offering is set to be sized between $3bn and $4bn, according to people familiar with the matter. A source told DealStreetAsia in…
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