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Jingdong Logistics submitted IPO prospectus to Hong Kong stock exchange, with revenue of 49.5 billion yuan in the first three quarters of last year

via:博客园     time:2021/2/17 10:18:25     readed:379


Tencent technology news, on the evening of February 16, Jingdong Logistics submitted a prospectus on the Hong Kong stock exchange, officially launched the IPO, becoming the third subsidiary of Jingdong group to conduct the IPO.

According to the prospectus, the co sponsors of the IPO include bank of America, Goldman Sachs and Haitong international.

In terms of revenue, in the first three quarters of 2020, Jingdong's logistics revenue reached 49.5 billion yuan, a year-on-year increase of 43.2%. This figure was 37.9 billion yuan in 2018 and 49.8 billion yuan in 2019, a year-on-year increase of 31.6% compared with 2019.

According to the prospectus, in 2017, Jingdong Logistics was fully open to the outside world, and the proportion of external customers' income increased continuously, from 29.9% in 2018 and 38.4% in 2019 to 43.4% in the first nine months of 2020.

In the 11 quarters from 2018 to the third quarter of 2020, the cumulative technology investment reached 4.6 billion, showing a growing trend; in these 11 quarters, the average proportion of technology investment in the total revenue of JD logistics reached 3.4%.

In 2017, Jingdong Logistics was fully open to the outside world, and the proportion of external customers' income increased from 29.9% in 2018 and 38.4% in 2019 to 43.4% in the first nine months of 2020. According to the prospectus, the service products of JD logistics mainly include warehouse distribution service, express service, large goods service, cold chain service, cross-border service, etc.

In 2020, the number of customers of Jingdong Logistics enterprises will exceed 190000. Aiming at the differentiated demands of FMCG, clothing, household appliances, furniture, 3C, automobile and fresh food industries, an integrated supply chain solution has been formed.

By the end of 2020, Jingdong Logistics has owned and is applying for more than 4400 technical patents and computer software copyrights, of which more than 2500 are related to automation and unmanned technology.

According to the data, by the end of 2020, Jingdong Logistics has more than 250000 employees, including more than 240000 front-line employees in warehousing, express delivery and customer service.

According to the prospectus, JD logistics plans to use the funds raised from the global sale to upgrade and expand its logistics network, develop advanced technologies related to supply chain solutions and logistics services, expand the breadth and depth of solutions, cultivate existing customers, and attract potential customers.

In terms of logistics network expansion, it will increase the number of intelligent warehouses, expand to the sinking market, and invest in and expand air cargo network, cold chain network, cross-border network, etc;

In terms of technology investment, it will continue to strengthen its long-term competitiveness in technology, including hardware, software and algorithms, as well as the application of 5g, cloud computing, Internet of things and other basic technologies;

In terms of industry solutions, we will further strengthen and customize industry solutions to solve more specific industry pain points and apply them to more vertical industries.

Since 2020, Jingdong group and Jingdong health have successively completed listing in Hong Kong. Previously, the media reported that the IPO of Jingdong Logistics may sell 10% to 20% of its shares and raise $4 billion to $8 billion, and the final valuation will be around $40 billion.

Logistics business is an important part of Jingdong group. Jingdong Logistics will be the latest subsidiary separated from Jingdong group and listed in Hong Kong.

In 2017, JD separated its logistics department into an independent entity, and then opened its distribution and warehousing services to third-party companies.

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