A Closer Look at JD.com's 3 Big Spin-offs
JD.com (NASDAQ: JD), the largest direct retailer in China, is currently in the process of spinning off three of its non-core businesses via IPOs: JD Health, JD Digits, and JD Logistics.
JD Health, which the company has already closed the books on, will start trading in Hong Kong on Dec. 8. JD Digits filed its IPO in Shanghai in September, but tighter fintech regulations have postponed its debut. JD Logistics is reportedly in preliminary talks with banks to file its IPO in Hong Kong.
Those moves all complement JD's own secondary listing in Hong Kong in June, which was filed in response to rising trade tensions and the ongoing threats to delist U.S.-listed Chinese stocks. Let's take a closer look at these three spin-offs and see how they'll affect JD's U.S. investors.
Source Fool.com
