JD Logistics Raising $398M Through New Share Placement
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Chinese e-commerce giant JD.com
Upon completion of the placement and subscription, JD.com
Relying on its parent company’s e-commerce services, JD Logistics is serving over 300,000 enterprise customers. The company raised HK$24.1 billion ($3.1 billion) during its initial public offering last year.
According to its financial report, JD Logistics’ total revenue in 2021 reached 104.7 billion yuan ($16.44 billion). The company’s 2021 net loss nearly quadrupled to 15.7 billion yuan, from 4 billion yuan in 2020. On March 13, it decided to acquire 66.49% stake of Shanghai-listed Deppon Logistics with over 30,000 business stores, 140 warehouses and over 2,000 trunk lines in China.