JDL is a logistics business segment established in 2007, and spun out from the larger JD.com, Inc. in 2017. In 2020, JDL served more than 190,000 corporate customers across a wide array of industries, providing comprehensive supply chain solutions, including warehousing management with cold chain, transportation, delivery, after-sales service, and logistics technology solutions.
JDL is known for its logistics prowess; already in operation is its fully unmanned warehouse in Shanghai, using cloud-based software, autonomous robotics and data analytics to substantially improve operational efficiencies. Its international supply chain provides a 48-hour turnaround door to door, with over 800 warehouse domestically and 110 overseas, covering more than 220 countries and regions. JDL prominent investors include Hillhouse Capital Group, Sequoia Capital China, China Merchants Group, Tencent, and China Life Insurance.
On Feb. 16, JDL filed its IPO prospectus with the Hong Kong Stock Exchange (HKEx). The company is targeting a valuation of USD40 billion as it looks to start trading in the second quarter of 2021.
JD.com logistics targeting for Hong Kong IPO this month 03 February 2021
*Valuations are estimates