JD Logistics cheers Hong Kong investors with strong debut

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

20210527 JD Logistics

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

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

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.

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