Jingdong Logistics landing capital market news began to become increasingly clear. On November 24, according to a person familiar with the matter, the IFR of Reuters reported that Jingdong has started to prepare for the overseas listing of Jingdong Logistics next year. The business is valued at about $40 billion, and the location may be Hong Kong, China or the United States. One person familiar with the matter said the deal involved the sale of 10% to 20% of the shares for $4bn to $8bn, and Jingdong has started discussions with potential advisers on the deal. However, according to Yang Daqing, an expert in the logistics industry, it will be sooner or later for Jingdong Logistics to go public. “Jingdong Logistics is still in the investment stage and needs to build an ecological platform and infrastructure, and has a large-scale capital demand,” Yang said in an interview with time finance on November 24 < p > < p > Jingdong Logistics began to operate independently in 2017. Wang Zhenhui was the CEO of Jingdong Logistics Group. The last round of financing news was still in February 2018, with an amount of US $2.5 billion. The investors include Hillhead capital, Sequoia China, China Merchants Group, Tencent and China Life Insurance. After the round of financing, the value of Jingdong Logistics is about 13.5 billion US dollars, and Jingdong group holds 81.4% equity of Jingdong Logistics. Since its independent operation, JD logistics has been expanding customers outside the platform. In January this year, Wang Zhenhui once said that in 2019, Jingdong Logistics’s external revenue accounted for more than 40%, exceeding the expected revenue and profit targets. According to media reports, JD logistics has two clear goals after its formal independence in 2017: by 2022, the revenue of JD logistics will exceed 100 billion yuan, and the proportion of external revenue will exceed 50%. According to the latest financial report of Jingdong, in the first three quarters of this year, the revenue of logistics business and other services of JD was 10.4 billion yuan (RMB, the same below), with a year-on-year growth of 73%. According to the official data, the number of employees of Jingdong Express has exceeded 280000. As of September 30, 2020, JD logistics has operated more than 800 warehouses, including the cloud warehouse area managed by JD logistics, with a total storage area of about 20 million square meters. In an interview with time finance and economics, Yang Daqing said that Jingdong Logistics is the three pillars of Jingdong group, which is in parallel with finance and mall, and is also positioned as the infrastructure of digital supply chain. At present, it is still in the stage of strategic investment, and the capital demand is not small. In June, Jingdong group completed its second listing in Hong Kong. Jingdong health also recently submitted a prospectus to the Hong Kong stock exchange. It began to offer shares on November 26 and listed on December 8. On July 1, JD digital disclosed the guidance materials to be listed on the science and technology innovation board. On September 24, Yuantong Express announced that the application for non-public offering of shares was accepted by the CSRC. It is reported that Yuantong Express plans to raise no more than 4.5 billion yuan. At the beginning of the month, Yuantong also raised 6.6 billion yuan by transferring 12% of its equity to Alibaba. < / P > < p > at that time, there was a view in the industry that under the combination of “fixed increase + equity transfer”, Yuantong not only could deepen the cooperation with Alibaba, but also accumulated sufficient “ammunition” to cope with the following changes in the industry. < p > < p > on September 21, Shentong transferred 10.35% of its equity to Alibaba and obtained RMB 3.295 billion; on September 29, China Telecom planned to complete the second round of financing in Hong Kong, raising US $1.56 billion; the extremely rabbit express, backed by pinduoduo, also heard financing News – according to lieyun.com and other media reports, a new round of financing was being prepared in September this year, with the financing scale reaching 10 billion yuan, Investors include a number of venture capital funds, Sequoia Capital “barely squeezed into the top 10.”. In recent days, SF has also heard news of financing and secondary listing in Hong Kong. On November 17, according to a person familiar with the matter, SF holdings is considering an IPO of its express business in Hong Kong, raising $5 billion. In March this year, SF also announced that it would raise 300 million US dollars or equivalent RMB from investors in the form of convertible bonds. < / P > < p > there are also rumors about the listing of Baishi express. In August, according to Reuters, a person familiar with the matter disclosed that Baishi group was seeking to list its express and freight businesses in Hong Kong, and the issuance scale and valuation target had not been determined. Xu Yong, vice president of express transportation branch of China Communications and Transportation Association, told time finance and Economics on November 24 that due to the heavy asset attribute of express delivery industry, enterprises need to constantly invest capital. Under the influence of the epidemic situation, the operation of major express companies has been affected to varying degrees, and fund-raising actions are particularly frequent. However, Yang Daqing pointed out to Shidai finance and economics that at present, the domestic logistics market is in a period of rising investment, which requires the help of capital leverage to break through. At the same time, the uncertainty of the global economy also makes the head enterprises have a stronger desire to increase capital reserves. < p > < p > on October 1, Jingdong’s public post express announced a preferential policy of 1.5 yuan for nationwide distribution. This year, Jingdong Logistics has also significantly accelerated the promotion of personal business, and constantly launched a series of preferential policies. < / P > < p > on November 24, a Jingdong Logistics employee told time finance that in addition to being responsible for e-commerce packages on the distribution platform, he also began to promote personal express business. “If customers send Jingdong express when receiving Jingdong express, there will be a certain degree of discount.” < / P > < p > as a “rising star”, Jitu express is more fierce. It has launched a charging policy of less than 1 yuan per ticket in East China, South China and other markets. According to Guoxin Securities research, as of August this year, it is estimated that the daily average business volume of polar rabbits has exceeded 7 million.

in the situation of wolf before and tiger after, Shunfeng and Tongda Department either lay down their bodies and lay out the e-commerce market with lower unit price comprehensively, or directly cut down the express price and exchange the quantity with the price. < p > < p > in May last year, SF launched a “special offer” with high price for e-commerce customers. On the eve of “double 11” this year, SF launched a franchise express network. After Shunfeng launched the “preferential special distribution”, Tongda system, which relies on e-commerce business, began to reduce the unit price of express delivery. At that time, according to a number of media reports, Shunfeng’s preferential price was about 3 yuan, and Yuantong, Shentong, Yunda and other enterprises directly adjusted the price to 1 yuan to 2 yuan. < p > < p > under the price war, the monthly single ticket income of several listed express companies has declined significantly. In October, the revenue of SF express logistics business increased by 34.22% year-on-year; the business volume was 689 million tickets, with a year-on-year growth of 57.31%; the single ticket revenue was 17.50 yuan, a year-on-year decrease of 14.68%. < p > < p > in contrast, the single ticket income of Tongda system decreased more. In October, Yunda’s single ticket income was 2.18 yuan, a year-on-year decrease of 32.72%; Shentong’s single ticket income was 2.25 yuan, a year-on-year decrease of 20.21%; Yuantong’s single ticket income was 2.14 yuan, a year-on-year decrease of 23.17%. In the second quarter of this year, China Telecom’s single ticket income was 1.29 yuan, a year-on-year decrease of 20.9%. According to Xu Yong’s analysis of time finance and economics, at present, the market concentration of domestic express delivery industry is relatively low, and the top enterprises are still in the decisive period of high investment in terms of scale and share competition. “The price war must be fought, and the concentration of the industry will increase after low price competition. At that time, the focus of competition will shift from price to quality and service. ” < p > < p > under the price war, the debt ratio of express delivery enterprises also generally shows a rising trend. In addition to Yuantong, the asset liability ratio of the other three enterprises of Tongda and SF has increased to a certain extent in recent years. < / P > < p > although JD has not disclosed the specific liabilities of logistics business, from 2017 to 2019, JD logistics has been in a loss situation, with a loss of 2.07 billion yuan, 5.137 billion yuan and 1.022 billion yuan respectively, with a total loss of 8.2 billion yuan in three years. According to Yang Daqing, for enterprises with increasingly high debt ratio, whether listing or selling some equity will help them ease the pressure of capital. < / P > < p > “the overall debt ratio of China’s express enterprises is in a safe and controllable range. At this stage, enterprises need to steadily expand their investment. If they achieve the advantage of taking the lead, the short-term debt ratio rise is not a bad thing.” Yang Daqing said. The release and download schedule of Microsoft Flight Simulation varies from region to region