E-Commerce Giant JD.com Considers Spinning Off Another Business
Chinese e-commerce giant JD.com (NASDAQ: JD) is preparing to spin off another business, this time its logistics unit, following plans to separate both its healthcare business and its fintech division.
The company is reportedly looking to hit the markets in an initial public offering in Hong Kong with a valuation of $40 billion.
Image source: JD.com.
Source Fool.com
