A consortium including JD.com Inc.’s asset management division and Partners Group Holding AG is preparing a confidential filing for a Singapore real estate investment trust (REIT) IPO. The offering incorporates Southeast Asian assets from Hillhouse-backed EZA Hill Property Management Pte Ltd. The IPO aims to raise approximately $1 billion.
Separately, JD.com showcased its AI procurement technology at a forum in Hong Kong. The AI procurement assistant targets improved efficiency and reduced compliance risks. The technology increases order processing efficiency by 200%. It also reduces procurement costs by 30%.