2. JD.com
On May 22, Chinese e-commerce site JD.com went public in an initial offering on the Nasdaq Stock Market and raised $1.78 billion.
JD, also known as Jingdong Mall and backed by Saudi billionaire Prince Alwaleed bin Talal, is the biggest direct seller of online goods in China. Operating out of its Beijing headquarters, it offers direct purchases of products from distributors and manufacturers through its website, and also oversees an independent network of delivery couriers and warehousing facilities.
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Employees and guests of JD.com celebrate the launch of the IPO at the Nasdaq MarketSite, May 22, 2014 in New York. [Photo/IC] |
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