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FINANCIAL NEWS
JD.com valued at USD20 b in IPO
12 Mar 2014
(MENAFN) An initial public offering (IPO) has been proposed for JD.com, the Chinese ecommerce site backed by Saudi Arabia’s Prince Alwaleed bin Talal, at USD20 billion worth in the second quarter of 2014, according to Arabian Business.
China’s largest internet company, Tencent Holdings, plans to take 15 percent stake in JD.com, which announced flotation plans in January.
Bloomberg reported that Tencent assigned JD.com the USD20 billion-price tag.
Prince Alwaleed, through his Kingdom Holding investment vehicle, has already acquired a 5 percent shareholding in JD.com in 2013.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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