BEIJING, Sept. 22 (Xinhua) -- Chinese online retail giant JD.com announced on Monday that it was planning to spin off its health care subsidiary JD Health and list it on the Hong Kong stock exchange, the Xinhua-run China Securities Journal reported on Monday.
According to the company, the timing of the listing will hinge on market conditions.
In June, JD.com raised 29.77 billion HK dollars (about 3.8 billion U.S. dollars) in a secondary public offering in Hong Kong, following the listing of Alibaba and NetEase.
The e-commerce giant saw a soaring net revenue of 201.1 billion yuan (about 28.73 billion U.S. dollars) in the second quarter, up 33.8 percent year on year.
(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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