2020 can really be said to be the "Year of JD.com".

With the secondary listing of JD Group’s Hong Kong stocks, the listing of Dada Group’s US stocks, JD Digits and JD Health have successively disclosed prospectuses, JD.com has 4 companies that are known to be listed or will be listed this year.

This does not include the other two unicorns JD Logistics and JD Crafts, which have launched independent operations and received financing.

What are the highlights of the listing of JD.com companies?

Why is 2020 the year for JD.com’s listing?

Four companies may be listed in one year. On June 5, Dada Group was listed on Nasdaq, kicking off the listing of JD.com.

Public information shows that relying on the two core businesses of Dada Express and JD Daojia, Dada has achieved efficient collaboration of "local retail + instant delivery" and established a deeply integrated ecological closed loop.

Among them, Dada's express delivery business covers more than 2,400 counties, districts and cities across the country, with a peak daily order volume of approximately 10 million orders; JD Daojia is one of the largest local instant retail platforms in China, with its business covering more than 700 counties, districts and cities across the country.

After listing, Dada's stock price continued to rise, from the issue price of US$16 per share to a maximum of US$36.14 per share.

The prospectus shows that JD Sunflower Investment Limited, a subsidiary of JD.com, holds 51.4% of the shares of Dada, with JD.com as its controlling shareholder.

On June 18, JD.com Group was listed for the second time in Hong Kong. This is the third Chinese concept stock to return to the Hong Kong stock market after the Hong Kong stock market revised its listing rules.

On the first day of listing, JD.com rose 5.75% at the opening, with a total market value of HK$738.5 billion.

Bloomberg also reported that some institutional investors bid for JD.com shares through dark market transactions before JD.com was officially listed, with a premium of as much as 4.9%.

This is related to the fact that JD.com still delivered satisfactory answers during the epidemic.

The financial report released by JD.com Group for the first three months of this year shows that during the period, the company achieved total revenue of 146.2 billion yuan, a year-on-year increase of 20.7%; annual active consumers were 387 million, a year-on-year increase of 24.8%, and a net increase of 25 million month-on-month.

Also targeting Hong Kong stocks is JD Health.

On September 27, JD Health submitted a prospectus for listing in Hong Kong.

This company only started operating independently in May 2019. It is a company with a weak presence in the JD.com family. In just 15 months, its valuation has increased fourfold.

The prospectus shows that from 2017 to 2019, JD Health’s annual revenue reached 5.6 billion yuan, 8.2 billion yuan, and 10.8 billion yuan respectively, of which net profits were 210 million yuan, 250 million yuan, and 340 million yuan respectively. It is the first

An Internet medical and health company with annual revenue exceeding tens of billions.

As of June 30, 2020, JD Health’s online e-commerce platform has more than 9,000 third-party merchants and 72.5 million active users on the platform.

U.S. and Hong Kong stocks alone are not enough.

As my country's capital market reform continues to advance, the registration system reform of the Science and Technology Innovation Board and GEM, and the liberalization of foreign investment access have made A-shares more attractive than ever. A large number of companies that were previously unable to be listed on A-shares are becoming more and more inclusive. of A-shares are in the pocket.

Against this background, JD Digits began to try.

On the evening of September 11, the Shanghai Stock Exchange’s official website disclosed that it had accepted JD Digits’ application for listing on the Science and Technology Innovation Board.

JD Digits, formerly known as JD Finance, was originally an extension of JD Mall. Since it began operating independently in 2013, the company's core business model has undergone three strategic evolutions, namely digital finance, financial technology and digital technology.

The prospectus shows that JD Digital’s current main business is mainly divided into digital solutions for financial institutions, digital solutions for merchants and enterprises, and digital solutions for governments and other customers.

Up to now, JD Digital has served 600 banks, insurances, funds, trusts, securities and other financial institutions, more than 1 million small and micro merchants, more than 200,000 small and medium-sized enterprises, more than 700 large commercial centers, and more than 40 city companies.

*** Service organization, marketing network covers more than 300 cities and more than 600 million people.

In terms of performance, in 2017, 2018, 2019 and the first half of 2020, the company's operating income was 9.07 billion yuan, 13.616 billion yuan, 18.203 billion yuan and 10.327 billion yuan respectively, and the net profits achieved during the same period were -3.82 billion yuan,

130 million yuan, 790 million yuan and -670 million yuan.

Environmental layout achievements are blooming in many places. The relevant person in charge of Niu Niu Research Center said in an interview that the JD.com department is blooming in many places this time, on the one hand, it is because of the increasingly inclusive policy environment of the domestic capital market.

The Hong Kong stock market has revised the "Listing Rules" to allow the listing of "different rights for the same shares" companies and the listing of biotechnology companies that fail to pass the main board's financial qualification test, while the A-share Science and Technology Innovation Board and GEM are deepening the registration system reform, valuation

Compared with US stocks and Hong Kong stocks, it is more attractive; on the other hand, it is related to JD.com’s forward-looking strategic layout.