JD.com property unit files for Hong Kong IPO

China's Jingdong Property, the property unit of E-commerce firm JD.com (9618), applied for a Hong Kong listing on Monday.

The firm is positioned as an established platform for developing and managing modern infrastructure, primarily logistics parks.

The company said it had accumulated an extensive portfolio of modern infrastructure assets with a total asset under management of 121.5 billion yuan (HK$136.2 billion) as of September last year, of which 12.8 percent was from overseas, according to an exchange filing.

It also recorded a total gross floor area of 27.1 million square meters, ranking as the top three in Asia-Pacific and top two in China among modern infrastructure providers in the new economy sector in terms of GFA, according to JLL. 

In the first nine months of 2025, the company's net loss narrowed 88.4 percent to 158.9 million yuan, while its revenue rose 21 percent to 3 billion yuan.

Merrill Lynch, Goldman Sachs, and Haitong International Capital are the joint sponsors.