Chinese e-commerce giant JD soars on Hong Kong debut

Chinese e-commerce giant JD.com soared nearly six percent on its Hong Kong debut Thursday, after raising almost $4 billion in an initial public offering that was the world's second-biggest this year. The new debut comes as Chinese companies -- especially those in tech -- eschew Wall Street because of rising tensions between Washington and Beijing. It is also a shot in the arm for Hong Kong as fears mount over the potential fallout of Beijing's plan to impose a new national security law on the city banning subversion and foreign interference.

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