Local time on January 23rd, 2018 for the first time in winter in Davos forum Jingdong group board chairman and CEO Liu Qiang East said very busy. He is the first group to a dinner reception of his more than 50 international friends, then held a small media communication, about Jingdong retail internationalization strategy, unbounded, and a positive response to the Jingdong listed logistics subject.

 

In January 15th, Reuters quoted sources as saying that Jingdong has launched a new round of financing for logistics business, with a target of at least 2 billion dollars, and the final plan is to promote Jingdong's overseas listing of logistics business. After the news, the market was widely concerned.

 

The authenticity of the confirmation of the news to Liu Qiangdong in Davos site. Liu Qiangdong responded that Jingdong logistics is financing and will also be listed in the future. At present, because the time of departure is too early, the listing site has not yet been identified.

 

In 2014, the Jingdong was listed on Nasdaq, USA. Referring to the consideration of the selecion of the listing place of the logistics business, Liu Qiangdong said, "our group has been listed in the US, and I hope that several other listed companies will have different capital markets."

 

The day before, the Hong Kong Stock Exchange listed companies announced a relaxation of restrictions, allowing shares of enterprises listed in Hong kong. Asked whether Jingdong logistics would be willing to go on the market in Hongkong, Liu Qiangdong said Jingdong logistics wanted to be able to stay in Hongkong or the mainland.

 

In addition to the Jingdong logistics, Jingdong finance has achieved single - season profit in 2017, and it has also been speculated on whether there is a listing plan. Liu Qiangdong pointed out that Jingdong logistics is different from Jingdong finance, and there are no policy restrictions on logistics. Foreign enterprises can also do logistics in China. Therefore, "Jingdong logistics is not listed overseas, including Hongkong".

 

Reuters quoted sources this month that the Jingdong had started financing the logistics business, with the goal of raising at least $2 billion. The report also said that Chinese investors Hillhouse capital and Sequoia Capital Chinese may lead investor.

 

According to Reuters's report at that time, Jingdong did have a plan for listing logistics business in overseas stock market, but it didn't know which market Jingdong would choose, and the specific timetable for IPO.

 

What is a double listing?

 

Double listing refers to the behavior of the same company listed on two different stock exchanges. This kind of listing provides more flexibility to investors, making the company's stock liquidity stronger. The other form is to share the same type of stock in both places, and through international trusteeship bank and securities broker to realize the cross - market circulation of shares. This method is generally referred to as the second listing, and the ADR or GDR listed in the overseas market belongs to this type.

 

The Jingdong issued American depositary vouchers on the Nasdaq stock market in 2014. Jingdong gained more than $2 billion in cash by splitting its financial business last year, and Liu Qiangdong gained 4.3% of Jingdong's finance. He said in September last year that the split up of Jingdong finance was designed to further expand the payment business - a move that was a bit similar to the Alibaba group's removal of ant gold clothing. Liu Qiangdong also acknowledged that the move would pave the way for the Jingdong's financial future. But he also said Jingdong finance would not be in a hurry to go on the market.

 

The advantages of double listing of stock

 

1, every international stock exchange has its own investor group. Therefore, listing of shares in multiple markets will rapidly expand shareholder base, improve liquidity and enhance financing capacity.

 

2, the company's stock market in different markets is also conducive to improving the reputation of the listed company and enhancing customer confidence, so that it can play a good role in promoting product marketing.

 

3, enterprises often choose the stock market with high market activity and high average earnings ratio as the second market place, and share the better circulation in the two markets, so that the share price will have a better market performance.

 

4, in order to meet the requirements of local investors for company information disclosure, the company must comply with the rules of law, accounting and supervision in second listed places, so as to create conditions for the company's international management and help companies improve their management level. It is precisely because of these advantages that many of the international famous multinational corporations are listed on different exchanges on the global market.

 

Source: storage base