Provided by Dow Jones
By Joanne Chiu The logistics arm of JD.com Inc. is looking to raise as much as $3.4 billion through an initial public offering, in the latest Hong Kong listing linked to China s booming e-commerce market. The IPO could value JD Logistics Inc. at up to $34 billion, filings showed on Monday. It follows share sales in the city by JD.com and another of its subsidiaries last year, which in total raised nearly $8.5 billion, according to Dealogic. JD.com relies on the unit to store and deliver groceries, clothes, home appliances and electronic gadgets across China. Over the years the parent company has used speedy delivery via JD Logistics as a way to gain an edge in its battle for market share with Alibaba Group Holding Ltd.
JD Logistics Launches Up to $3 4 Billion Hong Kong IPO
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JD Logistics Launches Up to $3 4 Billion Hong Kong IPO
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PORTLAND, Ore., May 5, 2021 /PRNewswire/ Allied Market Research published a report, titled, Athletic Equipment and Footwear Market
by Type (Equipment and Footwear): Global Opportunity Analysis and Industry Forecast, 2021–2025. According to the report, the global athletic equipment and footwear industry was estimated at $224.7 billion in 2018, and is expected to hit $323.4 billion by 2025, registering a CAGR of 8.6% from 2021 to 2025.
Drivers, restraints, and opportunities-
Sportswear and footwear have experienced upgradations in their features over the years. This factor drives the growth of the global athletic equipment and footwear market. On the other hand, the availability of counterfeit products restrains the growth to some extent. However, easy availability of such products on online portals and increase in accessibility & convenience of purchasing these products through the internet have paved a way for lucrative opportunities i
Skechers Posts Record Sales In 1Q; Results Beat Estimates
Shrilekha Pethe- April 26, 2021, 4:56 AM EDT SHARE ON:
Skechers USA Inc. posted record quarterly results in 1Q with sales of $1.43 billion up 15% year-on-year and beating consensus estimates of $1.35 billion. The footwear company reported adjusted diluted EPS of $0.68 that came in ahead of analysts’ estimates of $0.49 per share.
Skechers (
SKX) CEO, Robert Greenberg said, “Skechers new sales record in the first quarter is a remarkable achievement, especially given the lockdown measures in many key countries, including across Europe. This significant growth is the result of continued demand for Skechers product as consumers desire comfort and quality in their footwear and walking remains a top COVID-19 pandemic activity.”