About two months after Tencent (HKG: 0700) purchased an 18 percent stake in it, Chinese ecommerce site JD (NASDAQ: JD) has finally been integrated into WeChat (or Weixin, as it’s known domestically), Tencent’s monster messaging app. Technode reports that a new “Shopping” tab appears under the app’s “Discover” page.
Another week, another Chinese tech IPO. The latest one lined up to hit US markets is JD, the estore that’s a close rival to Alibaba’s Tmall and other general ecommerce sites such as Amazon China. JD goes public today upon opening of Thursday’s trading. The company has just priced its shares at $19 each, which is above the initial $16 to $18 range it advised a few days ago, reports CNN Fortune. If it debuts at that price, JD will raise $1.78 billion from its listing.