JD.com Stock Today, November 24, 2025: $500 Million JingDong Industrials IPO Plan Puts AI Supply-Chain Bet in Focus
JD.com’s supply-chain tech unit, JingDong Industrials, is planning a Hong Kong IPO of up to $500 million, with investor meetings underway and a potential listing in early December. JD.com shares rose 0.5% to $29.08 in New York but remain near 52-week lows, leaving the company valued at about $41–42 billion. Hong Kong shares are still down roughly 18% for the year.