JD.com may withdraw fintech unit’s stock sale in Shanghai’s Star Market after restructuring at JD Technology, sources say

//JD.com may withdraw fintech unit’s stock sale in Shanghai’s Star Market after restructuring at JD Technology, sources say

JD.com may withdraw fintech unit’s stock sale in Shanghai’s Star Market after restructuring at JD Technology, sources say

JD Technology, the fintech unit of one of China’s largest online shopping platforms, is likely to withdraw its initial public offering (IPO) from Shanghai’s Star Market, amid changing business circumstances after the halt of Ant Group’s stock sale last November, according to sources. The company, renamed from JD Digits since absorbing JD.com’s businesses in artificial intelligence and cloud computing in January, may resubmit a listing application in future, according to two sources briefed…

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By | 2021-03-07T23:30:15+00:00 March 7th, 2021|Technology|Comments Off on JD.com may withdraw fintech unit’s stock sale in Shanghai’s Star Market after restructuring at JD Technology, sources say