Jingdong Industrials Inc. (Ticker: 7618 HK) is a China-based company specializing in industrial supply chain technology and services. As a unit of Chinese online retailer JD.com, the company is reportedly the largest player in China's MRO (Maintenance, Repair, and Operations) procurement market, the company provides digital supply chain solutions through its platform, Taipu, integrating digitalization with industrial product fulfillment. The firm serves a vast network of Key Accounts, including a significant percentage of Fortune 500 companies operating in the region.

The company plans to list on the Hong Kong Stock Exchange on December 11, 2025. It intends to offer approximately 211.2 million shares at a price range of HKD 12.70 to HKD 15.50 per share. This offering aims to raise roughly HKD 3.27 billion (USD 420.5 million). At the midpoint of this range, the company targets a market capitalization of approximately USD 4.85 billion.

According to filings, Jingdong Industrials plans to use the IPO proceeds for R&D and product capacity expansion, brand promotion, business development, and general working capital. The offering is being sponsored by Haitong International, Merrill Lynch, Goldman Sachs, and UBS.