ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

JD Logistics cheers Hong Kong investors with strong debut

Boost after string of IPO flops as shares climb as much as 18%

JD Logistics still gets most of its revenue from parent, but its share has fallen to just over half.    © Reuters

HONG KONG -- JD Logistics rose as much as 18% in its debut Friday, providing relief for a Hong Kong new listings market that had started to show signs of fatigue.

Shares of the logistics unit of Chinese e-commerce major closed at HK$41.70 after rising as high as HK$47.75 in early trade. The stock had opened at HK$ 46.05, up from an issue price of HK$40.36. Hong Kong's Hang Seng Index ended little changed.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more