JD.com Group has officially announced that its board of directors has given the green light for JD Industrial Co., Ltd. to go public on the main board of the Hong Kong Stock Exchange on December 11, 2025. Share trading is set to kick off at precisely 9 a.m. on that very day. The public offering price for JD Industrial has been pegged at HK$14.1 per share. The net proceeds from the global offering are estimated to reach around HK$2.827 billion, and the company's market capitalization is projected to soar beyond HK$36.8 billion. JD Industrial represents Liu Qiangdong's sixth foray into the IPO arena, and it boasts an impressive roster of cornerstone investors. The company's business operations cover a broad spectrum, including industrial e-commerce as well as digital and intelligent supply chain services. It caters to a diverse array of well - known domestic and international enterprises.