Why JD and Alibaba Are in No Rush to List Finance Units
Are IPO plans for JD and Alibaba in the slow lane? When JD.com (JD) followed in Alibaba’s (BABA) footsteps and separated its finance unit JD Finance, there was speculation that it was preparing the unit for an IPO (initial public offering). Alibaba spun off its financial services arm, Ant Financial, before it went public in the US (SPY) in 2014.