In today’s global payments news, JD Logistics is reportedly preparing for an Initial Public Offering (IPO), while a consortium led by Alibaba and Baring Private Equity Asia has purchased a stake in The CrownX. Additionally, Turkey has introduced a COVID-19 vaccination ID card for its citizens.
Chinese firm JD Logistics plans to go public and raise $ 3.4 billion
Major investors are teaming up as JD Logistics prepares for a potential $ 3.4 billion initial public offering (IPO), according to multiple press reports. The logistics arm is an offshoot of JD.com, China’s large digital commerce company. For its part, JD Logistics stores and ships electronics, appliances, clothing and supermarket products in China.
Alibaba Consortium acquires 5.5% stake in The CrownX from Masan Group
A consortium led by Chinese Alibaba and Baring Private Equity Asia bought a 5.5% stake in The CrownX for $ 400 million. Vietnamese group Masan created the CrownX platform in 2019 by consolidating its interests in VinCommerce and Masan Consumer Holdings. The CrownX is valued at just under $ 7 billion before the investment.
Turkey issues vaccine ID cards for international travel
Turkey has launched a COVID-19 vaccination ID card for its citizens, which is accessible through a digital app. People who have received their first and second doses of the COVID-19 inoculation will be able to make an identity card through the Ministry of Health. In addition, applicants will have the option of adding their passport numbers to vaccine ID cards.
WHO chief warns of ongoing pandemic despite vaccines, fewer restrictions
World Health Organization (WHO) director-general Tedros Adhanom Ghebreyesus said the pandemic was far from over despite high vaccination rates. His remarks came after the Centers for Disease Control and Prevention (CDC) said people could go without masks in a number of places if they were fully vaccinated.