Source: South China Morning PostJD Logistics, the second unit to be spun off from JD.com for a listing, has put a brave face on its Hong Kong trading debut, as its stock changed hands with a smaller premium than the market’s expectations. The company’s shares began trading at HK$46.05, for a gain of 14.1 per cent from its initial public offer (IPO) price of HK$40.36, lagging behind the 20 per cent jump that brokers and analysts were expecting. Still, the company’s chief executive remained unperturbed.“As an integrated supply…Read More