Deloitte China assists listing of JINGDONG Industrials on SEHK
Deloitte’s 4th Hong Kong IPO engagement for JD.com
Deloitte China supported the listing of JINGDONG Industrials, Inc. (JINGDONG Industrials, stock code: 07618.HK) on the Stock Exchange of Hong Kong (SEHK) on 11 December 2025.
This is also the 4th Hong Kong listing engagement Deloitte China has completed for JD.com and its subsidiaries in the last five years, following our support for the listings of JD.com, Inc. (stock codes: NASDAQ: JD, 09619.HK), JD Health International Inc. (stock code: 06618.HK) and JD Logistics, Inc. (stock code: 02618.HK) on 18 June 2020, 8 December 2020 and 28 May 2021 respectively.
In this global offering, JINGDONG Industrials offers approximately 211 million shares at an issue price of HKD14.1 per share, raising around HKD2,978 million (excluding the over-allotment option).
JINGDONG Industrials’ cornerstone investors included institutions such as M&G, CPE Investment, AIM, IvyRock, CoreView, Schonfeld and Burkehill.
(From left) Diana Zhang and Jacky Mak, Audit and Assurance (A&A) partners of Deloitte China; Wang Xuedong, CFO of JINGDONG Industrials; Song Chunzheng, Executive Director and CEO of JINGDONG Industrials; Jeffrey Fu, lead client service partner of JD.com engagement of Deloitte China; Ernest Lee, Technical partner of Deloitte China and a Member of the Listing Committee of the Hong Kong Stock Exchange; and Aaron Shan, A&A senior manager of Deloitte China attend the listing ceremony of JINGDONG Industrials at Hong Kong Stock Exchange.
(From left) Aaron Shan, Jacky Mak, Ernest Lee, Jeffrey Fu and Diana Zhang attend the listing ceremony of JINGDONG Industrials at Hong Kong Stock Exchange.
Client overview
JINGDONG Industrials has deep expertise in China’s industrial supply chain technology and services market, Through digitalisation of the industrial supply chain helping their customers increase supply chain reliability, reduce costs, enhance efficiency, and ensure compliance. JINGDONG Industrials offers industrial products and digital supply chain services to satisfy customer needs through Taipu (太璞).
Source: JINGDONG Industrials’ IPO prospectus published on 3 December 2025
Deloitte's role
As a core service institution of this new listing engagement, Deloitte China has been deeply involved in the entire process of offering reporting, fundraising and listing of this client. This successful listing demonstrates Deloitte's professional service capabilities in serving clients in the capital market. Our engagement team worked closely with various professional parties, provided high-quality services with rich industry experience and excellent professional capabilities to assist JINGDONG Industrials’ listing on the Main Board of the SEHK.
Deloitte China congratulates JINGDONG Industrials on its successful listing on the SEHK. We will continue to provide high quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
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