Jingdong Mall (JD.com) Files For $1.5 Billion IPO


Fresh and interesting news from Reuters concerning Jingdong Mall (JD.com), the Chinese electronic commerce company founded in 1998, which filed for a $1.50 billion IPO. Investors are still waiting for Alibaba's IPO filing.
"JD.com, China's second-largest e-commerce company behind Alibaba Group Holding Ltd, said on Thursday it plans to raise up to $1.5 billion in an initial public offering in the United States.

JD.com, which said in December it expected to top 100 billion yuan ($16.51 billion) in annual sales for the first time, is riding on China's booming e-commerce industry as internet penetration surges in the world's most populous nation.
Business-to-consumer online sales in China are expected to surpass $180 billion this year, according to market research firm eMarketer.

JD.com has managed in the past six years to secure $2.23 billion from foreign investors, including the Ontario Teachers' Pension Plan and Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Co. 
Alibaba, which controls nearly 80 percent of China's internet shopping market, has been planning to list its shares but has struggled to reach an agreement with Hong Kong regulators over its proposed IPO, expected to be worth around $15 billion.
JD.Com's filing with the U.S. Securities and Exchange Commission did not reveal how many American Depositary Shares the company planned to sell, their expected price or the exchange on which it would list them.

The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The final size of the IPO could be different.

JD.com listed BofA Merrill Lynch and UBS Securities LLC as lead underwriters to the offering. (r.reuters.com/myc56v)".


Follow me on Twitter @tdubuisson or check my professional profile on LinkedIn: http://www.linkedin.com/in/thomasdubuisson

Comments

Post a Comment

Popular posts from this blog

Ethical Coffee Company Sues Nestlé Nespresso For €150m

Image
Fresh and interesting article posted by WIPR  concerning a European patent for a "device for preparing a drink extracted from a capsule", owned by Ethical Coffee Company (ECC). As you all know, Nespresso machines brew espresso from coffee capsules, a type of pre-apportioned single-use container of ground coffee and flavorings. In the case at hand, ECC, a Swiss Company, also creating capsules compatible with Nespresso machines, is suing Nestlé, in Paris, for alleged patent infringement. In other words, ECC is not happy with the way Nestlé modified the Nespresso machines back in 2010, keeping competitors’ capsules out of them and, more importantly, violating the patented "harpoon mechanism". Happy reading! "The man who oversaw  Nestlé’s Nespresso brand of coffee machines  has sued his former employer for alleged patent infringement.   Ethical Coffee Company , which makes coffee capsules that can be used in the Nespresso machine, has claimed that
Read more

A Look Inside The Apple Watch : Intellectual Property Rights And Future Legal Battles

Image
It is not just a watch. It is a masterpiece of intellectual property (IP) rights. It is not just a revolutionary product. It is the next chapter in Apple Inc.’s story. Apple believes in technology designed for the wrist (such as a smartwatch), but also in a strong design patent protection strategy. To protect this wearable, as a result of their investment, Apple applied for and received several design patents. Every detail is protected: the drawer where the watches are shown, the bracelet, the “slide-in” interchangeable strap system mechanism, the digital crown, the display, the charger, the retail box, etc. Future innovations will however continue to copy this kind of consumer products and challenge the Courts. In this context, developing and/or acquiring intellectual property rights may create a solid foundation for growth and success. Indeed, a winning exploitation of IP assets, including but not limited to know-how, patents, trademarks, aligned with your passion for innovati
Read more

Jouets connectés : Méfiez-vous des poupées et robots qui violent la vie privée de vos enfants... et la vôtre !

Image
C ’est la période des fêtes : le moment est venu de trouver le prochain cadeau de vos enfants ! Les Playmobil et Lego étant un peu trop muets à votre goût, vous penchez cette année pour les jouets dits « connectés », tels la poupée « My Friend Cayla » et le robot « I-QUE ». Méfiez-vous, bien qu’innovants, ces jouets ne respectent pas toujours la vie privée de vos enfants ! Il n’en fallait bien pas moins à la CNIL pour mettre la main dessus… Source Qu’est-ce qu’un objet connecté ? Les objets connectés sont des objets dotés de moyen de communication avec ou sans fil (Wi-Fi, Bluetooth) qui prennent souvent la forme d’objets d’apparence anodine (poupées, robots, etc.) et qui collectent des informations. On les retrouve dans de nombreux domaines, comme la domotique, le sport, le bien-être et la santé, les activités de loisirs, etc. Ces objets peuvent être autonomes ou peuvent fonctionner avec un smartphone ou une tablette. Ce dernier sert de télécommande pour les contrôler
Read more