Maples Group Advises Jingdong Industrials’ HK$2.978 Billion Hong Kong IPO
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- in Deals
Maples and Calder, the Maples Group’s law firm, is pleased to have advised Jingdong Industrials Inc (“Jingdong Industrials”) on its recent global offering of 211,200,000 shares and listing on the Main Board of the Hong Kong Stock Exchange (“HKEX”). The offering, which closed on 11 December 2025, raised gross proceeds of approximately HK$2.978 billion.
Jingdong Industrials is the leading industrial supply chain technology and service provider in China. It is a subsidiary of JD.com, China’s largest retailer by revenue, which has been listed on NASDAQ since 2014, and on the HKEX since 2020.
A team of lawyers based in the firm’s Hong Kong office acted as Cayman Islands counsel to Jingdong Industrials. The team was led by Partner and Head of Asia Corporate, Matt Roberts, with assistance from Of Counsel, Vivian Lee and Legal Manager, Charmaine Chow. The Group’s Fund Services business acted as the Cayman Islands Share Registrar, with a team comprising Eastern Fong, Regional Head of Fund Services Asia, and Senior Vice President, Christy Poon.
Commenting on the transaction, Matt said, “We are delighted to have supported Jingdong Industrials on its recent Hong Kong IPO. This transaction builds on our long-standing relationship with the JD.com group, including our work on its US and Hong Kong IPOs.”
Skadden, Arps, Slate, Meagher & Flom acted as Hong Kong and US legal adviser while Shihui Partners acted as PRC legal adviser to Jingdong Industrials. Cleary Gottlieb Steen & Hamilton acted as Hong Kong and US legal adviser, and Han Kun Law Offices acted as the PRC legal adviser to the joint sponsors and the underwriters.
