JD Logistics Ripe For IPO As Technology Sales May Double Valuation

(Source: Seeking Alpha) JD.com’s subsidiary JD Logistics got $2.5 billion from first fundraising, resulting $13.44 billion valuation. Amid signs of explosive technology sales prospect, the valuation should more than double to $28 billion. JD Logistics announced last December first ever profit with 2017 revenue approaching 30 billion yuan. Annual …