Market Overview

JD.Com Said To Be Exploring A $1.5 Billion Bond Offer

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According to a report by Bloomberg, JD.Com Inc(ADR) (NASDAQ: JD) is evaluating a $1.5 billion bond offer.

Bloomberg, citing "people familiar with the matter," noted that e-commerce giants, specifically the country's second largest online retailer after Alibaba Group Holding Ltd (NYSE: BABA), offer bond investors a "haven" from state-owned enterprises that come with credit risks.

Related Link: JD.Com Announces New Strategic Partnership With Japan-Based Kao Group

Bloomberg added that China's government is working to boost private-sector services such as e-commerce, online finance and entertainment.

Shares of JD.Com have lost around 10 percent over the past year, underperforming Alibaba's approximate 4 percent decline over the same time period.

JD.Com's stock showed no trades early Monday morning.

 

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Posted-In: Bloomberg China eCommerce JD.com JD.Com Bond SaleNews Rumors

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