JD Industrials, Unisound AI revive Hong Kong IPOs as Chinese listings accelerate

Quick Summary:

Third time could be the charm for JD.com’s industrial unit, which may raise up to US$1 billion amid improved sentiment, a source says.

Around that time, a group of investors including Abu Dhabi sovereign wealth fund Mubadala, Abu Dhabi fund 42XFund, asset manager M&G, private equity firm BPEA EQT and Chinese venture capital firm HongShan put a total of US$300 million into JD Industrials via series B preferred share financing.

It was Unisound’s third application.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChina

Topics: Kong Hong Million Billion List According Third Yuan Industrial Chinese Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 12:46:53 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 350 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27460622

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