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China’s JD.com raises ~$4bn in Hong Kong share sale

China’s JD.com raises ~$4bn in Hong Kong share sale

China’s second largest online retailer JD.com has raised ~$4bn after debuting on HK Stock Exchange on Thursday. Its shares surged by more than 5% post listing, marking the second-largest share sale this year. The move comes as pressure grows in US on Chinese companies amid escalating tensions between the two economies. Several other firms based in China are now preparing similar listings in HK.

Milan
Milan
Top in Business