HONG KONG, Sept 29 (Reuters) -

JingDong Industrials, a unit of Chinese online retailer

JD.com ( JD ), is seeking to raise $500 million with a Hong

Kong initial public offering (IPO) as soon as the end of

October, two sources with direct knowledge said, after the firm

cleared a key regulatory hurdle.

The company, also known as JDi, refiled for a Hong Kong

listing on Sunday after receiving the green light from China's

securities regulator last week, more than two years after it

first notified the China Securities Regulatory Commission of its

offering plans, according to the regulator's disclosures.

The company is planning to launch the offering as soon

as possible and complete it in November if it misses a window in

October, the sources said. They declined to be identified

because the information was confidential.

JDi's long-awaited IPO comes as Hong Kong has experienced a

strong recovery in new listings this year, totalling $23 billion

in the year-to-date period, up more than 200% from a year

earlier, according to data from LSEG.

JD.com ( JD ), which owns about 79% of the unit after spinning it

off in 2023, did not immediately respond to a request for

comment.

In its Hong Kong IPO filing, JDi said it is the leading

industrial supply chain technology and service provider in

China.

In the first half of 2025, its revenue rose 18.9% from a

year earlier to 10.3 billion yuan ($1.4 billion), the filing

said.

Bank of America, Goldman Sachs, Haitong International

Securities, UBS and Huatai Financial Holdings are the overall

coordinators of the IPO, JDi said in its Sunday stock exchange

filing.