On November 23, the official website of the Hong Kong Stock Exchange (HKEX) revealed that JD Industrial Co., Ltd. (hereinafter referred to as "JD Industrial") had successfully navigated the HKEX's hearing process. BOC International, Goldman Sachs, Haitong International, and UBS have been appointed as joint sponsors to facilitate the subsequent issuance. This achievement represents JD Industrial's fourth attempt to secure a listing on the HKEX. The company had previously submitted applications in March 2023, September 2024, and March 2025, all of which lapsed due to the expiration of the prospectus's validity period.

JD Industrial stands as a prominent industrial supply chain technology and service provider, empowering clients to achieve supply reliability, cost reduction, efficiency enhancement, and regulatory compliance through the transformative digital and intelligent upgrade of the industrial supply chain. As of the end of August 2025, JD Industrial's total revenue had soared to 14.1 billion yuan, marking an 18.9% increase compared to the same period in 2024. Should JD Industrial successfully go public, it will cement Liu Qiangdong's position as the mastermind behind six listed entities.