In May 2021, JD logistics was spun off from JD.com as a stand-alone entity and IPO on the Hong Kong Stock Exchange. The logistics aspect of JD.com was always its biggest difference to Alibaba. Highly criticized at first due to the high cost that accompanied the maintenance and purchase of warehouses, JD showed that their logistics expertise can have much more potential than just servicing their e-commerce platform. 

This is an older record that we did right the filing. 

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