JD.com's fintech affiliate plans STAR Market IPO

JD.com's fintech affiliate plans STAR Market IPO

REUTERS/Aly Song/Files

JD.com Inc.’s fintech affiliate is planning a listing on Shanghai’s STAR Market later this year that will value it at up to 200 billion yuan ($28.3 billion), sources familiar with the matter said.

Jingdong Digital Technology Co. Ltd., also known as JD Digits, has entered pre-IPO consultations with domestic brokerages including Guotai Jun’an Securities Co. Ltd., Citic Securities Co. Ltd., Minmetals Securities Co. Ltd. and Huajing Securities Co. Ltd., the Beijing branch of the country’s securities regulator revealed this week.

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