工业脚轮

Search documents
刘强东冲刺第五个IPO,要做企业版京东
Sou Hu Cai Jing· 2025-10-01 04:05
作者丨薛皓皓 编辑丨关雎 图源丨Midjourney 刘强东旗下的企业电商公司要在港股上市了,他即将再收获一个IPO。 近日,京东工业递交了招股书,这是家被称为"企业电商平台"的公司。普通消费者在京东买手机、电视等,而企业在京东工业购买轴承、电钻、工业清洗 剂、金属加工件等。 目前,刘强东旗下拥有4家上市公司,包括京东集团、京东物流、京东健康和德邦股份。另外,京东旗下的达达集团曾经在纳斯达克上市,后来完成私有 化退市。 起先,京东工业是京东的一个业务部门,随后被拆分独立运行。按照2023年最后一轮融资,京东工业的估值已达67亿美元(近500亿元)。外部投资机构 包括了红杉中国、纪源资本,也包括了阿联酋主权财富基金穆巴达拉投资、阿联酋上市公司国际控股公司(International Holding Company)和瑞典投资机 构EQT AB旗下基金。 由此看来,刘强东正在打造一个横跨健康、物流、电商、工业等领域的上市集团。看起来十分多元化,然而刘强东认为,这都是围绕供应链而展开的。 打造企业版京东 京东工业最早起始于2013年。那时,京东刚成立企业业务,包括企业采购和供应链管理。 到了2017年,京东将工业业 ...
刘强东冲刺第五个IPO,要做企业版京东
创业邦· 2025-10-01 03:48
Core Viewpoint - JD Industrial, a subsidiary of JD.com, is preparing for an IPO in Hong Kong, aiming to enhance its industrial supply capabilities and expand its business across regions [2][18]. Company Overview - JD Industrial was initially a business unit of JD.com, established in 2013, and became an independent entity in 2017 [3][5]. - The company focuses on providing industrial products and supply chain management services, catering to both large enterprises and small businesses [7][8]. Business Model - JD Industrial operates primarily through three models: self-operated, platform, and service models. The self-operated model generates the majority of revenue [11][12]. - In 2024, JD Industrial's product sales revenue is projected to be 191.7 billion yuan, accounting for 94% of total revenue, while service revenue has a significantly higher gross margin of 90% [11][13]. Financial Performance - The transaction scale of JD Industrial has exceeded 20 billion yuan in the past three years, with projected revenues of 204 billion yuan in 2024 and 103 billion yuan in the first half of 2025 [10]. - The company has achieved sustainable operating profits, with figures transitioning from a loss of 1.27 billion yuan in 2022 to a profit of 762 million yuan in 2024 [13]. Investment and Valuation - JD Industrial has attracted significant external investment, with a valuation reaching 6.7 billion USD (approximately 500 million yuan) following its latest funding round [3][15]. - Major investors include Sequoia China and Mubadala Investment, with Sequoia holding a 4.7% stake, making it the largest external shareholder [17]. Strategic Importance - The IPO is part of JD's broader strategy to create seven companies with a market value of at least 100 billion yuan each, reinforcing its focus on supply chain management [20][21]. - JD Industrial's integration with JD's logistics network enhances its service offerings, providing efficient logistics solutions to its clients [20].