男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
  • Company Updates
JD.com prices up IPO to raise $1.78b on Nasdaq debut
By Meng Jing ( China Daily )
Updated: 2014-05-23

Chinese e-commerce company JD.com Inc has priced its initial public offering in the United States above the marketing range to raise $1.78 billion, suggesting strong demand for Chinese e-commerce companies as larger rival Alibaba Group Holding Inc prepares its own highly anticipated US debut.

Loss-making JD.com, backed by Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Co, is set to debut on the Nasdaq stock exchange on Thursday in what may be the biggest listing of a Chinese company in the US.

China's No 2 e-commerce company priced its American Depositary Shares at $19 each, above the $16-$18 per ADS indicated range, valuing the company at more than $25 billion, according to its underwriters.

The IPO will not dilute demand for e-commerce giant Alibaba but instead will further consolidate the dominant positions of Alibaba and JD in China's e-commerce market, said Lin Wenbin, an analyst with IT consultancy Analysys International.

JD.com, which has forged a close partnership with Alibaba arch-rival Tencent Holdings Ltd, will raise $1.31 billion from the sale of 69 million ADS.

It would raise another $1.31 billion by issuing shares to Tencent, JD.com said. JD.com and Tencent agreed to merge their e-commerce operations in March, and as part of that deal, Tencent agreed to subscribe to JD.com shares.

"I don't think Alibaba's domination will be challenged, but the rise of JD is unstoppable, especially after teaming up with Tencent Holdings Ltd's popular mobile messaging app WeChat," said Lin.

The 10-year-old company, the biggest direct seller of online goods in China, will remain tightly controlled by founder and CEO Liu Qiangdong after the IPO through special shares that grant him extra voting rights.

JD.com awarded billionaire Liu a one-off bonus as the company prepared for its IPO, booking share-based expenses of $591 million, according to a securities filing. The award was worth $1.78 billion at the IPO price.

China's business-to-consumer e-commerce sales may surpass $180 billion this year due to rising Internet usage, expanding middle-class incomes and a better distribution network, according to New York-based market research firm eMarketer.

JD.com had an 18.3 percent share of that market as of the third quarter of 2013, according to Beijing-based iResearch. It claims some 30 million-plus active customers and saw net revenue jump 70 percent to $8 billion in 2013's first nine months.

The selling shareholders, including CEO Liu, Tiger Global Management, Hillhouse Capital Management, DST Global funds and Capital Today, would pocket $468 million.

Formerly known as 360Buy, JD.com has already raised more than $2 billion in previous years from investors.

Despite the fact that Chinese e-commerce players are expected to become increasingly competitive, especially with the money they raise in the US market, Brian Hui, vice-president of Amazon China, was happy to see more of that company's Chinese counterparts going public.

In a recent interview with China Daily, Hui said that China's e-commerce market is becoming "healthier and healthier", with almost all of its major players planning IPOs this year.

"Being a listed company means that you need to follow certain rules in terms of the financial operation and management," he said, adding that the e-commerce market in China is entering a new stage, with more companies following the same code of conduct.

Agencies contributed to this story.

mengjing@chinadaily.com.cn

 
 
 
 
 
主站蜘蛛池模板: 祥云县| 朝阳县| 山阳县| 岳普湖县| 南郑县| 阳原县| 乐平市| 工布江达县| 江山市| 电白县| 宜宾市| 鄯善县| 清新县| 云梦县| 南开区| 梁平县| 孝义市| 冕宁县| 长海县| 离岛区| 盐城市| 华亭县| 西充县| 交口县| 邹城市| 定安县| 延津县| 昭平县| 兴文县| 驻马店市| 名山县| 鹰潭市| 无棣县| 罗源县| 盐山县| 龙州县| 正阳县| 南汇区| 元谋县| 安溪县| 安康市| 永新县| 涟源市| 大连市| 宁陵县| 来凤县| 宁明县| 蓝田县| 鄂温| 大田县| 土默特右旗| 门源| 棋牌| 苏尼特右旗| 宝山区| 扎鲁特旗| 绍兴县| 阳高县| 沙河市| 庄浪县| 乐清市| 专栏| 重庆市| 文成县| 同仁县| 嘉鱼县| 特克斯县| 临邑县| 黄大仙区| 潮安县| 富平县| 合水县| 江源县| 仙桃市| 万盛区| 阜康市| 民和| 黔西县| 宜春市| 凤城市| 凤翔县| 龙州县|