Despite losses, JD.com, a major Chinese online retailer, will be listing tomorrow in the U.S. JD.com joins Chinese companies such as Weibo, Cheetah Mobile and Alibaba to hit Wall Street.
Although JD.com’s offering is smaller than Alibaba’s, market participants will be closely monitoring JD.com for an indication of how just voracious investor appetite is for Chinese technology stocks.
Experts say JD.com was in a race to list before Alibaba and may one day overtake the giant. The company is tapping into rising investor enthusiasm over China’s booming online market.
Considering the price range, it seems investors can’t get enough of Chinese companies’ IPOs. But questions remain over whether investor enthusiasm can keep up with the number of Chinese listings. CCTV’s Shraysi Tandon has more.
Chinese E-Commerce Giant JD.Com to List in U.S.Despite losses, JD.Com, a major Chinese online retailer, will be listing tomorrow in U.S. Considering the pricing range, it seems investors can't get enough of Chinese companies' IPOs. But questions remain over whether investor enthusiasm can keep up with the number of Chinese listings. CCTV's Shraysi Tandon has more.
Chinese mainland investors are breathing a sigh of relief after the government decided to cut down on the number of IPOs this year. Analysts say the world’s top markets could now reap the benefits. CCTV’s Cathy Yang explains.