News Release
Carlyle congratulates JD Logistics on its HKEX listing
Carlyle invested into JD Logistics to capture delivery demand amid China’s fast-growing e-commerce industry
JD Logistics debuted on the Hong Kong Stock Exchange on Friday, May 28, 2021, raising HK$24.113 billion, if the over-allotment option is not exercised, as the company seeks to solidify its market leading position in supply chain solutions and logistics services in China.
China’s integrated supply chain logistics services industry is expected to grow from RMB2,026 billion in 2020 to RMB3,190 billion by 2025, representing a CAGR of 9.5%[1]. This growth is largely being driven by the digitalization of China’s economy, which has created a significant increase in consumer demand in e-commerce that is currently severely underserved.
JD Logistics plans to use the proceeds from its IPO to upgrade and expand its warehouse, delivery and logistics networks, develop advanced supply chain technologies, expand the breadth and depth of its solutions, and further build its international supply chain network.
Carlyle invested into JD Logistics in 2018 through an affiliated entity of Carlyle Asia Partners IV.
Carlyle has a well-established history of investing in the technology and business services sector, globally investing around US$30 billion of equity as of March 31, 2021, with over US$4 billion of this in Asia[2], Carlyle seeks opportunities in companies with strong disruptive technologies that have captured an early lead or a product niche, with the opportunity to transform these businesses into industry or geographic leaders. Carlyle’s Asia investments include ANE Logistics, Delhivery, Ant Group, ByteDance, China Literature, Tuhu, Spark Education, Du Xiaoman Financial, Nxtra Data, among others.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $260 billion of assets under management as of March 31, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 29 offices across five continents.
Carlyle has been making investments in China for over two decades. With global resources, deep industry expertise and strong local knowledge, Carlyle has invested more than US$10 billion of equity in over 110 transactions across China as of March 31, 2021.
Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
Media Contacts:
The Carlyle Group
Tammy Li
Phone: +852 2878 5239
Email: tammy.li@carlyle.com
[1] JD Logistics HKEX IPO Prospectus – https://www1.hkexnews.hk/app/sehk/2021/103201/documents/sehk21021600660.pdf
[2] Technology and Business Services includes Telecom. Carlyle Asia also includes logistics companies.