HONG KONG (AP) — JD Logistics' shares jumped 14% in their trading debut Friday in Hong Kong.
The company is a subsidiary of Chinese e-commerce giant JD.com. It is the latest technology company to list in the semi-autonomous Chinese city as Beijing intensifies scrutiny of the technology sector.
The firm raised $3.1 billion in its initial public offering. That’s the second largest for this year in Hong Kong after short-video firm Kuaishou raised $5.3 billion.
Beijing recently has cracked down on China's thriving internet industry, seeking to exert more control and curb anti-competitive behavior, with actions taken against companies including Alibaba, Tencent and Meituan.
Before you consider Meituan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meituan wasn't on the list.
While Meituan currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
