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JD.com headquarters in Beijing. Photo by Bloomberg.

JD.com Joint Venture in Talks to Raise $500 Million in U.S. IPO

Photo: JD.com headquarters in Beijing. Photo by Bloomberg.

Chinese online retailer JD.com is in talks with bankers to list shares of its online supermarket joint venture in the U.S. next May, looking to capitalize on the growth of China’s e-commerce sector, which is a bright spot in the country’s otherwise weakening economy.

Dada-JD Daojia, a joint venture controlled by JD.com and 10% owned by Walmart, which earlier sold its own China-based online store to JD.com, is seeking to raise around $500 million in an IPO, according to two people familiar with the matter.

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