Continue reading this on our app for a better experience

Open in App
Floating Button

Alibaba, JD.com awaken China tech's long-dormant IPO machine

Bloomberg
Bloomberg • 5 min read
Alibaba, JD.com awaken China tech's long-dormant IPO machine
The moves ignited hopes that Beijing — keen to resuscitate the world’s second-largest economy — is unfettering the private sector, allowing its biggest names to again pursue business and fundraising. Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Alibaba Group Holding and JD.com have begun preparations for a trio of the year’s biggest Chinese debuts, heralding a wave of initial public offerings that promise to breathe new life into the struggling technology industry and Hong Kong’s stock market.

Cainiao Network Technology, Alibaba’s logistics arm, has kicked off discussions with banks for what may become the first of several IPOs by units of the e-commerce giant. On Thursday, two JD subsidiaries filed for first-time share sales in the city. Those three listings could raise about US$5 billion ($6.65 billion) between them, people familiar with the matter said.

The moves ignited hopes that Beijing — keen to resuscitate the world’s second-largest economy — is unfettering the private sector, allowing its biggest names to again pursue business and fundraising.

To continue reading our premium articles,
Upgrade your subscription to as low as $8.33/month to gain unlimited access to ALL of our premium articles!
Have an account? Sign In
×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2025 The Edge Publishing Pte Ltd. All rights reserved.