JD Logistics has filed for an initial public offering on the Hong Stock Exchange and is reportedly eyeing a $40bn valuation.

JD Logistics, the logistics spinoff of China-based e-commerce firm JD.com, has filed for an initial public offering on the Hong Kong Stock Exchange, according to DealStreetAsia. Terms have not yet been set, but people familiar with the matter told DealStreetAsia that JD Logistics was aiming for a $40bn valuation. Spun off from JD.com in 2017,…

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