Chinese E-Commerce Giant JD.com Climbs 6% in Hong Kong Debut
- JD’s listing followed NetEase’s coming-out party a week ago
- Alibaba, JD and NetEase bode well for future Chinese debuts
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JD.com Inc. soared about 6% in its Thursday debut in Hong Kong, a solid start that underscores strong investor appetite for a growing line-up of Chinese tech giants seeking to list closer to home.
The Chinese online retailer, which already has stock listed in the U.S., opened at HK$239 after raising $3.9 billion in its Hong Kong share sale. That’s after its shares changed hands in gray markets at a roughly 5% premium to its HK$226 listing price in the days prior.