China’s JD.com to spin off industrial, property units in Hong Kong float

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The logo of JD.com is seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo
March 30 – E-commerce firm JD.com Inc  said on Thursday it planned to spin off its property and industrial units and list them on the Hong Kong Stock Exchange, the latest revamp in the Chinese technology sector after a sweeping regulatory crackdown.
Reporting by Twinnie Siu in Hong Kong, Scott Murdoch in Sydney and Tiyashi Datta in Bengaluru; Editing by Sharon Singleton, Maju Samuel and Sonali Paul
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