HONG KONG - JingDong Industrials, a unit of Chinese mainland online retailer JD.com, is seeking to raise $500 million in an initial public offering (IPO) in the Hong Kong Special Administrative Region as soon as the end of October, two sources with direct knowledge said.

The company, also known as JDi, refiled for a Hong Kong listing on Sunday. It 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.

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JD.com, which owns about 79 percent 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 the mainland.

In the first half of 2025, its revenue rose 18.9 percent 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.