JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion
The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion if the deal is priced at the top end.JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics' offering is expected to be the second multibilli
The U.S. economy brought back far fewer jobs than expected in April, and the unemployment rate unexpectedly increased.The Labor Department released the April jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus data compiled by Bloomberg:. Non-farm payrolls, April:+266,000 vs. +1.000 million expected, +916,000 in March. Average hourly earnings, month-over-month, April:0.7%vs. 0.0% expected, -0.1% in March. Average hourly earnings, year-ove