JD Technology withdraws IPO application in Shanghai amid China’s fintech rule changes

//JD Technology withdraws IPO application in Shanghai amid China’s fintech rule changes

JD Technology withdraws IPO application in Shanghai amid China’s fintech rule changes

Fintech company JD Technology, a unit of e-commerce giant JD.com, has withdrawn its application for an initial public offering (IPO) in China’s Nasdaq-style Star Market amid sweeping regulatory changes in its industry.The company, previously known as JD Digits and JD Finance, pulled its public listing application on March 30, according to a statement posted on the Shanghai Stock Exchange website on Friday.The IPO withdrawal came a day before JD.com completed a reorganisation that transferred…

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By | 2021-04-02T13:28:22+00:00 April 2nd, 2021|Technology|Comments Off on JD Technology withdraws IPO application in Shanghai amid China’s fintech rule changes