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2021-05-18

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Chinese Giant JD.com Seeks $3.4 Billion in Logistics IPO. Here’s What to Know.<blockquote>中国巨头京东寻求34亿美元的物流IPO。以下是需要了解的信息。</blockquote>

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Here’s What to Know.<blockquote>中国巨头京东寻求34亿美元的物流IPO。以下是需要了解的信息。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197102420","media":"Barrons","summary":"After a blockbuster year for e-commerce boosted by the Covid-19 pandemic, China’s JD.com is seeking ","content":"After a blockbuster year for e-commerce boosted by the Covid-19 pandemic, China’s&nbsp;JD.com&nbsp;is seeking to raise up to $3.4 billion by listing its logistics arm.<blockquote>在 Covid-19 大流行推动电子商务取得巨大成功的一年之后，中国京东正寻求通过上市其物流部门来筹集高达 34 亿美元的资金。</blockquote> JD Logistics is an integrated supply-chain player in China, offering services from warehousing to distribution, from manufacturer to end customer. Its initial public offering is set to be one of the largest in Hong Kong this year.<blockquote>京东物流是中国一家综合供应链企业，提供从仓储到配送、从制造商到最终客户的服务。其首次公开募股将是今年香港规模最大的首次公开募股之一。</blockquote> Shares in the e-commerce giant&nbsp;JD.com&nbsp;closed less than 1% lower in Hong Kong, while its Nasdaq-listed U.S. shares similarly fell less than 1%.<blockquote>电子商务巨头京东的股价在香港股市收盘下跌不到1%，而其在纳斯达克上市的美国股市也同样下跌不到1%。</blockquote> The back story.JD.com—one of China’s internet giants —established its in-house logistics division in 2007. The group built out warehousing and delivery infrastructure and supply-chain technologies through this division for a decade, before formally spinning out the company in 2017. Since then, JD Logistics has continued to serve JD.com, alongside offering services to external clients.<blockquote>背景故事。中国互联网巨头之一的京东于 2007 年成立了内部物流部门。在2017年正式分拆公司之前，该集团通过该部门建立了仓储和交付基础设施以及供应链技术十年。从那时起，京东物流除了向外部客户提供服务外，还继续服务于京东。</blockquote> The company operated more than 900 warehouses across China by the end of 2020, with its logistics network using high-tech tools like self-driving vehicles and autonomous robots. Its 32 “smart mega warehouses” across China include a fully unmanned center in Shanghai.<blockquote>截至2020年底，该公司在中国运营着900多个仓库，其物流网络使用了自动驾驶汽车和自主机器人等高科技工具。该公司在中国各地设有 32 个 “智能巨型仓库 ”，其中包括位于上海的一个完全无人值守的中心。</blockquote> Since being spun off in 2017, JD Logistics has grown quickly, with revenue growth of 32% between 2018 and 2019 and 47% from 2019 to 2020. It recorded net losses of more than 2 billion yuan ($300 million) in both 2018 and 2019, and a net loss of 4 billion yuan in 2020. The group expects its net loss for 2021 to “increase significantly” compared with 2020, in part due to lower profit margins from a decrease in government support related to the Covid-19 pandemic.<blockquote>自2017年分拆以来，京东物流增长迅速，2018年至2019年间收入增长32%，2019年至2020年间收入增长47%。2018 年和 2019 年净亏损均超过 20 亿元人民币（3 亿美元），2020 年净亏损 40 亿元人民币。与 2020 年相比，本集团预计 2021 年的净亏损将 “大幅增加”，部分原因是与 Covid-19 大流行病相关的政府支持减少导致利润率下降。</blockquote> JD.com floated its pharmaceutical and health services division, JD Health, in Hong Kong in December 2020, raising $3.5 billion, and itself listed in Hong Kong in June 2020 after years of its shares being traded on the Nasdaq.<blockquote>京东于2020年12月在香港上市其医药和健康服务部门京东健康，筹集了35亿美元，并在其股票在纳斯达克交易多年后，于2020年6月在香港上市。</blockquote> What’s new.JD.com said on Monday that it would seek to raise up to 264,132 million Hong Kong dollars ($3.4 billion) through the listing of JD Logistics. The IPO would be the second-largest in Hong Kong in 2021, since Tencent-backed video-sharing app&nbsp;Kuaishou&nbsp;floated in February to raise $5.4 billion.<blockquote>有什么新鲜事。京东周一表示，将寻求通过京东物流上市筹集至多2.641.32亿港元（34亿美元）资金。自腾讯控股支持的视频分享应用快手于 2 月份上市筹集 54 亿美元以来，此次 IPO 将是 2021 年香港第二大 IPO。</blockquote> JD Logistics intends to issue 609.2 million shares—around 10% of its stock—within an expected price range of HK$39.36 to HK$43.36, according to filings. The company is slated to retain more than 64% of the total shares. An overallotment option, or green shoe, would allow for the sale of another 91 million shares to raise up to a further $510 million.<blockquote>根据文件显示，京东物流打算发行 6.092 亿股股票（约占其股票的 10%），预计价格范围为 39.36 港元至 43.36 港元。该公司计划保留总股份的64%以上。超额配售选择权或绿鞋将允许再出售 9100 万股股票，以进一步筹集高达 5.1 亿美元的资金。</blockquote> Cornerstone investors including Softbank’s Vision Fund, Tiger Global, Blackstone, and Temasek Holdings—Singapore’s state-backed investment company—have committed to buying around $1.5 billion worth of shares. The final pricing for the IPO is expected on Friday, before the shares begin trading on May 28.Bank of America,Goldman Sachs,and Chinese investment bank Haitong are the joint sponsors of the IPO.<blockquote>包括软银愿景基金、老虎环球、黑石集团和新加坡政府支持的投资公司淡马锡控股公司在内的基石投资者已承诺购买价值约 15 亿美元的股票。IPO 的最终定价预计将于周五公布，之后股票将于 5 月 28 日开始交易。美国银行、高盛和中国投资银行海通是此次IPO的联席保荐人。</blockquote> In its prospectus, the group made the case that it was a tech-driven supply-chain and logistics expert, with proprietary tools allowing it to substantially improve the operational efficiencies of customers’ supply chains. The key risks to JD Logistics’ business, according to the filings, include intense competition in the e-commerce and services space, Chinese macroeconomic conditions, and the fact that a significant portion of its revenue has historically come from JD.com.<blockquote>在招股说明书中，该集团表示，它是一家技术驱动的供应链和物流专家，其专有工具使其能够大幅提高客户供应链的运营效率。文件显示，京东物流业务面临的主要风险包括电子商务和服务领域的激烈竞争、中国的宏观经济状况，以及其很大一部分收入历来来自京东。</blockquote> Looking ahead.Investors can view JD Logistics going public as a way to play a few familiar high-tech trends, including artificial intelligence and 5G-linked breakthroughs in autonomous vehicles and robots. These technologies have serious implications for supply chains. More broadly, JD Logistics would be another way to gain exposure to the e-commerce sector as consumer spending ramps up—in China and around the world—with the economic recovery from the Covid-19 pandemic.<blockquote>展望未来。投资者可以将京东物流的上市视为玩转一些熟悉的高科技趋势的一种方式，包括人工智能以及自动驾驶汽车和机器人领域的5G相关突破。这些技术对供应链有着严重的影响。更广泛地说，随着中国和世界各地的消费者支出随着 Covid-19 大流行的经济复苏而增加，京东物流将是进入电子商务领域的另一种方式。</blockquote> But investors must be aware that the group would go public into a tough regulatory environment, with Chinese regulators cracking down on tech companies. Last month, regulators warned 13 groups, including a JD.com subsidiary, over antitrust issues, and share prices in the sector have faced headwinds since February amid rising interest rates and regulatory concerns in both the U.S. and China.<blockquote>但投资者必须意识到，该集团将在严峻的监管环境中上市，中国监管机构将打击科技公司。上个月，监管机构就反垄断问题向包括京东子公司在内的 13 家集团发出警告，由于中美两国利率上升和监管担忧，该行业的股价自 2 月份以来一直面临阻力。</blockquote> And the market has had recent cause for concern about the Chinese tech and logistics sector more broadly. One of JD Logistics’ competitors, SF Holding, saw its stock price crash more than 44% from highs in February after it posted a surprise quarterly loss. That prompted questions about lofty valuations beyond SF, which is China’s largest listed courier group. Expect JD Logistics to face similar scrutiny.<blockquote>市场最近有理由对更广泛的中国科技和物流行业感到担忧。京东物流的竞争对手之一顺丰控股在公布季度意外亏损后，其股价从 2 月份的高点暴跌了 44% 以上。这引发了人们对中国最大的上市快递集团顺丰以外的高估值的质疑。预计京东物流也将面临类似的审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Giant JD.com Seeks $3.4 Billion in Logistics IPO. Here’s What to Know.<blockquote>中国巨头京东寻求34亿美元的物流IPO。以下是需要了解的信息。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Giant JD.com Seeks $3.4 Billion in Logistics IPO. Here’s What to Know.<blockquote>中国巨头京东寻求34亿美元的物流IPO。以下是需要了解的信息。</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-05-18 17:57\n\n</h4>\n</header>\n<article>\nAfter a blockbuster year for e-commerce boosted by the Covid-19 pandemic, China’s&nbsp;JD.com&nbsp;is seeking to raise up to $3.4 billion by listing its logistics arm.<blockquote>在 Covid-19 大流行推动电子商务取得巨大成功的一年之后，中国京东正寻求通过上市其物流部门来筹集高达 34 亿美元的资金。</blockquote> JD Logistics is an integrated supply-chain player in China, offering services from warehousing to distribution, from manufacturer to end customer. Its initial public offering is set to be one of the largest in Hong Kong this year.<blockquote>京东物流是中国一家综合供应链企业，提供从仓储到配送、从制造商到最终客户的服务。其首次公开募股将是今年香港规模最大的首次公开募股之一。</blockquote> Shares in the e-commerce giant&nbsp;JD.com&nbsp;closed less than 1% lower in Hong Kong, while its Nasdaq-listed U.S. shares similarly fell less than 1%.<blockquote>电子商务巨头京东的股价在香港股市收盘下跌不到1%，而其在纳斯达克上市的美国股市也同样下跌不到1%。</blockquote> The back story.JD.com—one of China’s internet giants —established its in-house logistics division in 2007. The group built out warehousing and delivery infrastructure and supply-chain technologies through this division for a decade, before formally spinning out the company in 2017. Since then, JD Logistics has continued to serve JD.com, alongside offering services to external clients.<blockquote>背景故事。中国互联网巨头之一的京东于 2007 年成立了内部物流部门。在2017年正式分拆公司之前，该集团通过该部门建立了仓储和交付基础设施以及供应链技术十年。从那时起，京东物流除了向外部客户提供服务外，还继续服务于京东。</blockquote> The company operated more than 900 warehouses across China by the end of 2020, with its logistics network using high-tech tools like self-driving vehicles and autonomous robots. Its 32 “smart mega warehouses” across China include a fully unmanned center in Shanghai.<blockquote>截至2020年底，该公司在中国运营着900多个仓库，其物流网络使用了自动驾驶汽车和自主机器人等高科技工具。该公司在中国各地设有 32 个 “智能巨型仓库 ”，其中包括位于上海的一个完全无人值守的中心。</blockquote> Since being spun off in 2017, JD Logistics has grown quickly, with revenue growth of 32% between 2018 and 2019 and 47% from 2019 to 2020. It recorded net losses of more than 2 billion yuan ($300 million) in both 2018 and 2019, and a net loss of 4 billion yuan in 2020. The group expects its net loss for 2021 to “increase significantly” compared with 2020, in part due to lower profit margins from a decrease in government support related to the Covid-19 pandemic.<blockquote>自2017年分拆以来，京东物流增长迅速，2018年至2019年间收入增长32%，2019年至2020年间收入增长47%。2018 年和 2019 年净亏损均超过 20 亿元人民币（3 亿美元），2020 年净亏损 40 亿元人民币。与 2020 年相比，本集团预计 2021 年的净亏损将 “大幅增加”，部分原因是与 Covid-19 大流行病相关的政府支持减少导致利润率下降。</blockquote> JD.com floated its pharmaceutical and health services division, JD Health, in Hong Kong in December 2020, raising $3.5 billion, and itself listed in Hong Kong in June 2020 after years of its shares being traded on the Nasdaq.<blockquote>京东于2020年12月在香港上市其医药和健康服务部门京东健康，筹集了35亿美元，并在其股票在纳斯达克交易多年后，于2020年6月在香港上市。</blockquote> What’s new.JD.com said on Monday that it would seek to raise up to 264,132 million Hong Kong dollars ($3.4 billion) through the listing of JD Logistics. The IPO would be the second-largest in Hong Kong in 2021, since Tencent-backed video-sharing app&nbsp;Kuaishou&nbsp;floated in February to raise $5.4 billion.<blockquote>有什么新鲜事。京东周一表示，将寻求通过京东物流上市筹集至多2.641.32亿港元（34亿美元）资金。自腾讯控股支持的视频分享应用快手于 2 月份上市筹集 54 亿美元以来，此次 IPO 将是 2021 年香港第二大 IPO。</blockquote> JD Logistics intends to issue 609.2 million shares—around 10% of its stock—within an expected price range of HK$39.36 to HK$43.36, according to filings. The company is slated to retain more than 64% of the total shares. An overallotment option, or green shoe, would allow for the sale of another 91 million shares to raise up to a further $510 million.<blockquote>根据文件显示，京东物流打算发行 6.092 亿股股票（约占其股票的 10%），预计价格范围为 39.36 港元至 43.36 港元。该公司计划保留总股份的64%以上。超额配售选择权或绿鞋将允许再出售 9100 万股股票，以进一步筹集高达 5.1 亿美元的资金。</blockquote> Cornerstone investors including Softbank’s Vision Fund, Tiger Global, Blackstone, and Temasek Holdings—Singapore’s state-backed investment company—have committed to buying around $1.5 billion worth of shares. The final pricing for the IPO is expected on Friday, before the shares begin trading on May 28.Bank of America,Goldman Sachs,and Chinese investment bank Haitong are the joint sponsors of the IPO.<blockquote>包括软银愿景基金、老虎环球、黑石集团和新加坡政府支持的投资公司淡马锡控股公司在内的基石投资者已承诺购买价值约 15 亿美元的股票。IPO 的最终定价预计将于周五公布，之后股票将于 5 月 28 日开始交易。美国银行、高盛和中国投资银行海通是此次IPO的联席保荐人。</blockquote> In its prospectus, the group made the case that it was a tech-driven supply-chain and logistics expert, with proprietary tools allowing it to substantially improve the operational efficiencies of customers’ supply chains. The key risks to JD Logistics’ business, according to the filings, include intense competition in the e-commerce and services space, Chinese macroeconomic conditions, and the fact that a significant portion of its revenue has historically come from JD.com.<blockquote>在招股说明书中，该集团表示，它是一家技术驱动的供应链和物流专家，其专有工具使其能够大幅提高客户供应链的运营效率。文件显示，京东物流业务面临的主要风险包括电子商务和服务领域的激烈竞争、中国的宏观经济状况，以及其很大一部分收入历来来自京东。</blockquote> Looking ahead.Investors can view JD Logistics going public as a way to play a few familiar high-tech trends, including artificial intelligence and 5G-linked breakthroughs in autonomous vehicles and robots. These technologies have serious implications for supply chains. More broadly, JD Logistics would be another way to gain exposure to the e-commerce sector as consumer spending ramps up—in China and around the world—with the economic recovery from the Covid-19 pandemic.<blockquote>展望未来。投资者可以将京东物流的上市视为玩转一些熟悉的高科技趋势的一种方式，包括人工智能以及自动驾驶汽车和机器人领域的5G相关突破。这些技术对供应链有着严重的影响。更广泛地说，随着中国和世界各地的消费者支出随着 Covid-19 大流行的经济复苏而增加，京东物流将是进入电子商务领域的另一种方式。</blockquote> But investors must be aware that the group would go public into a tough regulatory environment, with Chinese regulators cracking down on tech companies. Last month, regulators warned 13 groups, including a JD.com subsidiary, over antitrust issues, and share prices in the sector have faced headwinds since February amid rising interest rates and regulatory concerns in both the U.S. and China.<blockquote>但投资者必须意识到，该集团将在严峻的监管环境中上市，中国监管机构将打击科技公司。上个月，监管机构就反垄断问题向包括京东子公司在内的 13 家集团发出警告，由于中美两国利率上升和监管担忧，该行业的股价自 2 月份以来一直面临阻力。</blockquote> And the market has had recent cause for concern about the Chinese tech and logistics sector more broadly. One of JD Logistics’ competitors, SF Holding, saw its stock price crash more than 44% from highs in February after it posted a surprise quarterly loss. That prompted questions about lofty valuations beyond SF, which is China’s largest listed courier group. Expect JD Logistics to face similar scrutiny.<blockquote>市场最近有理由对更广泛的中国科技和物流行业感到担忧。京东物流的竞争对手之一顺丰控股在公布季度意外亏损后，其股价从 2 月份的高点暴跌了 44% 以上。这引发了人们对中国最大的上市快递集团顺丰以外的高估值的质疑。预计京东物流也将面临类似的审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/chinese-giant-jd-com-seeks-3-4-billion-in-logistics-ipo-heres-what-to-know-51621265204?mod=RTA\">Barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","02618":"京东物流","09618":"京东集团-SW"},"source_url":"https://www.barrons.com/articles/chinese-giant-jd-com-seeks-3-4-billion-in-logistics-ipo-heres-what-to-know-51621265204?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197102420","content_text":"After a blockbuster year for e-commerce boosted by the Covid-19 pandemic, China’s JD.com is seeking to raise up to $3.4 billion by listing its logistics arm.\nJD Logistics is an integrated supply-chain player in China, offering services from warehousing to distribution, from manufacturer to end customer. Its initial public offering is set to be one of the largest in Hong Kong this year.\nShares in the e-commerce giant JD.com closed less than 1% lower in Hong Kong, while its Nasdaq-listed U.S. shares similarly fell less than 1%.\nThe back story.JD.com—one of China’s internet giants —established its in-house logistics division in 2007. The group built out warehousing and delivery infrastructure and supply-chain technologies through this division for a decade, before formally spinning out the company in 2017. Since then, JD Logistics has continued to serve JD.com, alongside offering services to external clients.\nThe company operated more than 900 warehouses across China by the end of 2020, with its logistics network using high-tech tools like self-driving vehicles and autonomous robots. Its 32 “smart mega warehouses” across China include a fully unmanned center in Shanghai.\nSince being spun off in 2017, JD Logistics has grown quickly, with revenue growth of 32% between 2018 and 2019 and 47% from 2019 to 2020. It recorded net losses of more than 2 billion yuan ($300 million) in both 2018 and 2019, and a net loss of 4 billion yuan in 2020. The group expects its net loss for 2021 to “increase significantly” compared with 2020, in part due to lower profit margins from a decrease in government support related to the Covid-19 pandemic.\nJD.com floated its pharmaceutical and health services division, JD Health, in Hong Kong in December 2020, raising $3.5 billion, and itself listed in Hong Kong in June 2020 after years of its shares being traded on the Nasdaq.\nWhat’s new.JD.com said on Monday that it would seek to raise up to 264,132 million Hong Kong dollars ($3.4 billion) through the listing of JD Logistics. The IPO would be the second-largest in Hong Kong in 2021, since Tencent-backed video-sharing app Kuaishou floated in February to raise $5.4 billion.\nJD Logistics intends to issue 609.2 million shares—around 10% of its stock—within an expected price range of HK$39.36 to HK$43.36, according to filings. The company is slated to retain more than 64% of the total shares. An overallotment option, or green shoe, would allow for the sale of another 91 million shares to raise up to a further $510 million.\nCornerstone investors including Softbank’s Vision Fund, Tiger Global, Blackstone, and Temasek Holdings—Singapore’s state-backed investment company—have committed to buying around $1.5 billion worth of shares. The final pricing for the IPO is expected on Friday, before the shares begin trading on May 28.Bank of America,Goldman Sachs,and Chinese investment bank Haitong are the joint sponsors of the IPO.\nIn its prospectus, the group made the case that it was a tech-driven supply-chain and logistics expert, with proprietary tools allowing it to substantially improve the operational efficiencies of customers’ supply chains. The key risks to JD Logistics’ business, according to the filings, include intense competition in the e-commerce and services space, Chinese macroeconomic conditions, and the fact that a significant portion of its revenue has historically come from JD.com.\nLooking ahead.Investors can view JD Logistics going public as a way to play a few familiar high-tech trends, including artificial intelligence and 5G-linked breakthroughs in autonomous vehicles and robots. These technologies have serious implications for supply chains. More broadly, JD Logistics would be another way to gain exposure to the e-commerce sector as consumer spending ramps up—in China and around the world—with the economic recovery from the Covid-19 pandemic.\nBut investors must be aware that the group would go public into a tough regulatory environment, with Chinese regulators cracking down on tech companies. Last month, regulators warned 13 groups, including a JD.com subsidiary, over antitrust issues, and share prices in the sector have faced headwinds since February amid rising interest rates and regulatory concerns in both the U.S. and China.\nAnd the market has had recent cause for concern about the Chinese tech and logistics sector more broadly. One of JD Logistics’ competitors, SF Holding, saw its stock price crash more than 44% from highs in February after it posted a surprise quarterly loss. That prompted questions about lofty valuations beyond SF, which is China’s largest listed courier group. Expect JD Logistics to face similar scrutiny.","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9,"02618":0.9}},"isVote":1,"tweetType":1,"viewCount":925,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/194918134"}