US Markets
JD

JD.com to spin off health unit, list in Hong Kong

Credit: REUTERS/JASON LEE

JD.com is planning to spin off its health unit and list it on the Hong Kong stock exchange, the Chinese e-commerce retailer said on Monday.

Adds background on trade tensions

Sept 21 (Reuters) - JD.com 9618.HK is planning to spin off its health unit and list it on the Hong Kong stock exchange, the Chinese e-commerce retailer said on Monday.

The plans for JD Health International Inc comes as Chinese companies are putting off plans for U.S. listings amid mounting tensions between the world's top two economies, while those listed in New York are seeking to return to exchanges closer to home.

JD.com, which is listed on the Nasdaq in New York, had raised about $3.87 billion in its Hong Kong secondary listing earlier this year.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Krishna Chandra Eluri and Anil D'Silva)

((munsif.vengattil@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

JD

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More