Liu Qiangdong’s JD.com Prepares to Spin Off Logistics Division in Much-Anticipated IPO

Liu Qiangdong JD.com

Logistics division this month in a highly-anticipated IPO. The new company is expected to raise around $5 billion and be valued at around $40 billion. JD Logistics, the shipping and delivery arm of the company, has helped JD.com realize explosive growth in the COVID-19 pandemic period. Last quarter, JD.com reported a third-quarter net revenue increase of …