HONG KONG: Shares of Jingdong Industrials Inc, a unit of Chinese online retailer JD.com, opened down 7.8% in their Hong Kong Stock Exchange debut on Thursday, after the company raised HK$2.98 billion ($383.08 million) in a listing.
Shares of the industrial supply chain technology and services provider opened at HK$13 each, compared to the offer price of HK$14.10. That lagged a 0.7% rise in the benchmark Hang Seng Index.
