China's JD.com targets $1.5 billion US IPO

The online retailer appears to have stolen a march on its bigger rival Alibaba, which has also long been mulling an IPO.

Online retailer JD.com last week published details of its planned $1.5 billion US listing, signalling a potential new round of Chinese internet-related equity sales.

JD.com's IPO promises to be the biggest to date by a Chinese internet company and is much larger than previous Chinese US listings, which have tended to be around the $100 million to $200 million mark. It also comes at a time when JD.com’s biggest competitor Alibaba Group is still thinking about going public with an even larger IPO.

Despite the ongoing selloff in emerging markets, the omens are favourable. The four Chinese internet companies listed last year...

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