USEUROPEAFRICAASIA 中文双语Français
Home / Business

JD Finance spinoff paves way for listing

By Fan Feifei | China Daily | Updated: 2017-08-16 08:50

JD Finance, the finance unit of China's second biggest e-commerce player JD.com Inc, has been deconsolidated from JD as a result of the reorganization as of June 30, 2017, which is expected to pave the way for the former's eventual listing.

Accordingly, JD Finance's historical financial results for periods prior to July 1 are reflected in JD's consolidated financial statements as discontinued operations, according to the company's second quarter financial results.

Analysts said JD Finance's spinoff is seen as a preparatory move towards it listing on a domestic stock exchange, as well as obtaining more financial licenses.

JD Finance spinoff paves way for listing

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US