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Jingdong’s recent good news has continued. The newly released second-quarter earnings report showed a strong rebound in its performance. Revenue increased by 22.9% year-on-year, stopping the trend of eight consecutive quarters of decline, and the first consecutive net profit for two years was positive. This week, Jingdong’s share price rose 3.75% to close at 31.29 US dollars per share, which was mainly stimulated by the news that its joint venture “Jingdong arrived home” was preparing for IPO to the US.

According to The InfoRmation reported that Jingdong’s home is negotiating with brokers on the US IPO in May next year, seeking to raise $500 million. People familiar with the matter said that the negotiations are still in the early stages, and the amount of funds raised and time to market may change, and the location is not determined.

Jingdong was established in April 2015. It was an important carrier of Jingdong O2O business. It was once hoped by Liu Qiangdong to call it “another Jingdong”, but it was not good for a long time. In the O2O market, JD.com could not escape the fate of huge losses. So after Liu Qiangdong regained his business in 2016, he sent Jingdong home to Dada Crowd, and the two merged into “Dada-Jingdong home.” Jingdong Holdings, Wal-Mart holds a 10% stake. A year ago, Jingdong and Wal-Mart added a total of 500 million U.S. dollars to Jingdong, and the company’s accumulated financing amounted to more than 1.3 billion U.S. dollars.

Although they merged into one company, Dada-Jingdong came home to do two kinds of business: O2O and crowdsourcing logistics.

Jingdong will position itself as a “local real-time retail platform”, currently covering more than 100 major cities across the country, accessing more than 300 all-category chain retail stores and more than 100,000 offline stores.The delivery is handled by Dada. Jingdong arrived at home in 2017 to follow the trend of unmanned shelves, but with the industry cold, the project was stopped last year, recently Jingdong home and look at the front of the warehouse, currently mainly with Wal-Mart’s Sam members Shop cooperation. In the current popular saying, Jingdong can be classified into new retail categories.

Dalda’s crowdsourcing logistics resources are not only used in Jingdong, but also in takeaway distribution. Compared to Jingdong Logistics, which uses its own distributors, Dada’s model may be “lighter”, However, judging from the loss of 2.3 billion in Jingdong Logistics last year, Dada’s loss is not optimistic.

There are both new retail and logistics. I don’t know what kind of story will Jingdong tell the capital market when it arrives home?

And just a few days ago, Jingdong’s owner of the operation of Shanghai Jingdong’s legal representative of Jiayuan Information Technology Co., Ltd. was changed from Dada’s founder, Jia Jiajun, to Yao Jun (Jingdong’s general manager), and the registered capital was changed. A significant increase of US$170 million to US$700 million is often seen as a preparation for the listing.

This is not the first time that Jingdong has been listed on the market, Reuters The IFR report reported in May this year that Jingdong was home to consider listing in the US, but JD.com later denied it, saying that “there is no listing plan.”

However, this time, facing the information of The Information, Jingdong did not directly deny it, but only refused to comment.

The title map is from: hunting cloud network