JD.com’s bumpy road to take the finance out of its fintech unit

The abrupt suspension of the Ant Group IPO in November last year has reverberated across China’s fintech sector and caused dozens of casualties, one of which has been the fintech arm of JD.com, a leading Chinese e-commerce company. Known back then as Jingdong Digits Technology Holding Co. Ltd.(JD Digits), the company was later forced to abandon its IPO plan in the middle of the process.