Summary: Jingdong Industrials, a unit of JD.com, opened down 7.8% on the Hong Kong Stock Exchange after raising HK$2.98 billion in its IPO. The IPO, which fell short of its initial target, valued the company at $5 billion, lower than its previous $6.7 billion valuation.

Link: https://www.channelnewsasia.com/business/jdcoms-jingdong-industrials-opens-down-78-in-hong-kong-debut-5575341