JD.com plans to list its shipping business in Hong Kong through an IPO that sources say could raise approximately $5B and value JD Logistics at about $40B (Bloomberg)

Bloomberg:
JD.com plans to list its shipping business in Hong Kong through an IPO that sources say could raise approximately $5B and value JD Logistics at about $40B  —  - An IPO is said to value the logistics arm at about $40 billion  — JD built one of China's largest shipping operations over years