A person familiar with the matter told Reuters that the department expects to select a bank for IPO in the second quarter of next year, and use the funds for expanding positions and potential acquisitions. The JD.COM Municipal Government will not comment on the rumors that appear now.
In August this year, Jingdong Logistics officially launched the 24-hour arrival plan for thousands of counties and towns, focusing on low-tier cities, counties and surrounding towns, and it is expected to officially land in 2020.