JD.com is working with banks on a secondary listing of as much as $3bn in Hong Kong, as its founder and chairman has stepped back from a number of companies linked to the group.
The ecommerce giant and Alibaba competitor raised $1.8bn in its original Nasdaq initial public offering in 2014.
Alibaba itself launched a secondary listing in Hong Kong last year, helping the city retain its crown as the number one fundraising hub globally. Now, Hong Kong Stock Exchange’s hopes for the rest of the year once again hang on potential listings by Chinese tech companies such as JD.
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