BEIJING, March 31 ― E-commerce giant JD.com will spin off its industrial and property units and take both of them public, the company said, in the latest reorganisation of a...
BEIJING, March 31 ― E-commerce giant JD.com will spin off its industrial and property units and take both of them public, the company said, in the latest reorganisation of a major Chinese tech firm.
JD Property operates construction projects across China and dozens of overseas infrastructure works, according to its website. JD Industrials specialises in supplying mechanical components and electronic products to carmakers and other manufacturers. The firm previously spun off its logistics arm in 2017, later allowing third-party companies to invest in its delivery and warehousing business.
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