Shanghai stock exchange accepts JD.com fintech affiliate’s IPO application

REUTERS/Aly Song/Files

Shanghai‘s stock exchange on Friday accepted JD.com Inc’s fintech affiliate’s application for a listing on its Nasdaq-stlye STAR Market.

Jingdong Digits Technology Holding Co Ltd, also known as JD Digits, plans to raise about 20 billion yuan ($2.93 billion) from the offering to replenish capital and to invest in areas such as big data, artificial intelligence and cloud computing, it said in a regulatory filing.

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