Jingdong Property, the logistics infrastructure arm of JD.com, filed for an initial public offering in Hong Kong to fund its overseas asset expansion. The company, which manages 121.5 billion yuan in assets, reported a 21% revenue increase to 3 billion yuan for the first nine months of 2025. JD.com retains a 75% controlling stake in the unit, which marks its second attempt to list following a lapsed application in 2023.
