The information document of Hong Kong Exchanges and Clearing Limited (00388.HK) shows that JD-SW (09618.HK)(JD.US) is a subsidiary group engaged in industrial supply chain technology and service operations. JD Industrial Holdings Limited has submitted an IPO application to the Hong Kong Exchanges and Clearing Limited. Bank of America Securities, Goldman Sachs, Haitong International, and CITIC Securities are the joint sponsors.

The prospectus shows that JD Industrial was established in July 2017. From 2021 to 2013, JD Industrial's trading volume increased from approximately 17.4 billion yuan to 26.1 billion yuan, with a compound annual growth rate of 22.5%. The total revenue from ongoing business operations increased to 17.3 billion yuan in 2023, with a compound annual growth rate of 29.4%.