JINGDONG Industrials, a subsidiary of JD*com, officially listed on the Hong Kong Stock Exchange on December 11, 2025 under stock code 7618*HK. The final offer price was set at HK$14.1 per share, with the global offering expected to raise about HK$2.83 billion. Founded in 2017, the company is China’s leading industrial supply chain technology and service provider by GMV and serves around 11,000 large enterprise customers and millions of SMEs.

Revenue grew from RMB 14.1 billion in 2022 to RMB 20.4 billion in 2024, while adjusted net profit rose to RMB 910 million in 2024. Proceeds from the listing will be used to strengthen supply chain capabilities, expand geographically, and support strategic investments, with continued focus on digital intelligence solutions such as its Taipu platform and the JoyIndustrial AI model.