initial public offerings (IPOs) trading on American exchanges
Showing posts with label JD.com (JD). Show all posts
Showing posts with label JD.com (JD). Show all posts

Wednesday, May 28, 2014

JD.com (JD) began trading on the NASDAQ on 22 May 2014

  • JD.com (JD) is China's largest internet company by revenue. 
  • It has an e-commerce business model similar to Amazon.com (AMZN), and competes most directly in China against Alibaba (BABA).
  • https://global.jd.com



Description

JD.com, Inc. is a holding company. The Company is an online direct sales company. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. The Company also offers online and in-person payment options and comprehensive customer services. As of February 28, 2014, the Company offered approximately 31.3 million stock keeping units (SKUs) through its online direct sales and marketplace. As of February 28, 2014, the Company operated 82 warehouses with an aggregate gross floor area of over 1.3 million square meters in 34 cities and 1,485 delivery stations and 212 pickup stations in 476 cities across China, staffed by 20,785 delivery personnel, 8,828 warehouse staff and 4,874 customer service personnel. The Company’s subsidiaries include Beijing Jingdong Century Trade Co., Ltd., Tianjin Star East Corporation Limited, Beijing Jingbangda Trade Co., Ltd. and Shanghai Shengdayuan Information Technology Co., Ltd.

Address

10/F, Building A, North Star C No.8, Beichen West Street, Cha
BEIJING, BEJ 100101
China

Key stats and ratios

Q4 (Dec '13)2013
Net profit margin--0.07%
Operating margin--0.83%
EBITD margin--0.41%
Return on average assets--0.23%
Return on average equity--165.42%
Employees42,339

Wednesday, May 21, 2014

China's JD.com prices IPO at $19, above expectations

China's JD.com priced its IPO at $19 per share, exceeding the expected range and suggesting strong demand for Chinese e-commerce companies as larger rival Alibaba Group Holding Inc prepares its own highly anticipated U.S. debut.

The country's second-largest e-commerce company priced its American Depositary Shares (ADS) a dollar above the higher end of a $16 to $18 indicated range, valuing the company at more than $25 billion, according to its underwriters.

A courier in Beijing for JD.com.

Investors are watching JD.com, hoping for clues as to how Wall Street will receive its much larger peer. Alibaba has filed for what some expect could be the largest initial public offering by a technology company to date.

JD.com, which has forged a close partnership with Alibaba arch-rival Tencent Holdings, raised $1.78 billion from the sale of 93.7 million ADS. Its shares are expected to start trading on Thursday on the Nasdaq.

The 10-year-old company, the biggest direct seller of online goods in China, will remain tightly controlled by founder and CEO Richard Liu after the IPO through special shares that grant him extra voting rights.

Investor appetite for Chinese technology stocks recovered in 2013 after a series of accounting scandals dried up U.S. listings in 2011 from a high of 40 in 2010. This year, investors have driven down valuations of tech stocks, including that of Amazon.com, but many on Wall Street expect a stellar debut from Alibaba, which controls some 80 percent of all online Chinese commerce.

China's business to consumer e-commerce sales may pass $180 billion this year due to rising Internet usage, expanding middle-class incomes and a better distribution network, according to New York-based market research firm eMarketer.

JD.com had an 18.3 percent share of that market as of the third quarter of 2013, according to Beijing-based iResearch. It claims some 30 million-plus active customers and saw net revenue jump 70 percent to $8 billion in 2013's first nine months.

Formerly known as 360Buy, it has already raised more than $2 billion in past years from investors including the Ontario Teachers' Pension Plan and Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Co.

Friday, March 21, 2014

China's IPO-bound JD.com posted narrower $8 million loss in 2013

SHANGHAI, China - China's No.2 internet retailer JD.com, Inc, set for a $1.5 billion U.S. initial public offering (IPO), posted a narrower 50 million yuan ($8.07 million) loss in 2013, according to its filing with the U.S. Securities and Exchange Commission.


JD.com, which recently teamed up with giant Chinese tech firm Tencent Holdings Ltd, is the closest rival to Alibaba Group Holdings, the leader by far in China's e-commerce market, which this month also started plans for a much larger U.S. IPO.

JD.com, which has close to 50 million active customers, saw revenues increase 67.4 percent to 69.3 billion yuan in 2013 from 41.4 billion yuan the year before. The company had posted a 1.7 billion yuan loss in 2012.

The firm hopes to leverage its tie-up with Tencent's popular messaging app WeChat to increase its share of China's e-commerce market, with the intention of becoming the "largest e-commerce company in China", it said.

The tie-up also burnishes the appeal of JD.com's planned U.S. listing while taking some shine off Alibaba's own IPO, which is expected to be worth $15 billion.

China's internet retail market is set to triple from 2012 to over $300 billion in 2018 as the country's smartphone-savvy shoppers surf the web for everything from plane tickets to sneakers, according to Euromonitor.

Friday, February 14, 2014

China's online retail giant JD.com aims for U.S. IPO

For American investors eager to buy into the rise of the Chinese consumer, today brought some news of interest: JD.com, a Chinese online retailer, plans to raise $1.5 billion in a U.S. initial public offering, according to a filing with the Securities and Exchange Commission.

The company describes itself as China’s largest online direct sales company based on transaction volume. JD.com doesn't just put customers together with merchants via the Internet; it procures its own inventories, sells the products directly to consumers online, and provides delivery and after-sales service.

The numbers, as is so often the case with things in China, are big. In the first nine months of last year, the company counted 35.8 million active customers and fulfilled 211.7 million orders through a delivery staff of 18,005 people, pulling in 49.2 billion yuan ($8.12 billion) in the same period, according to the filing.

The company says customers have generated 247 million product reviews, and the company’s technology platform has the capacity to process up to 30 million orders a day. And there’s a lot of room to grow, according to the prospectus: China’s online retail market may reach 3.6 trillion yuan by transaction volume in 2016, based on estimates from iResearch, a consulting company that measures China’s Internet industry.

The IPO would be the largest in the U.S. by a Chinese Internet company, according to data compiled by Bloomberg News. Would-be investors in the U.S. can join the likes of Prince Alwaleed Bin Talal, the founder of Kingdom Holding (and worth $32 billion himself, according to the Bloomberg Billionaires Index) as well as Tiger Global Management.