Today In Payments Around The World: JD Logistics Eyes Going Public; Alibaba Consortium Buys Stake In The CrownX

In today’s top payments news around the world, JD Logistics is reportedly getting ready for an initial public offering (IPO), while a consortium led by Alibaba and Baring Private Equity Asia has bought a stake in The CrownX. Plus, Turkey has introduced a COVID-19 inoculation ID card for its citizens.

China’s JD Logistics Sets Sights On Going Public, Raising $3.4 Billion

Major investors are getting onboard as JD Logistics prepares for a potential $3.4 billion initial public offering (IPO), according to multiple news reports. The logistics arm is an offshoot of JD.com, the large Chinese digital commerce company. For its part, JD Logistics stores and sends out electronics, home appliances, apparel and supermarket items in China.

Alibaba Consortium Acquires 5.5 Pct Stake In Masan Group’s The CrownX

A consortium headed up by China’s Alibaba and Baring Private Equity Asia has purchased a 5.5 percent share in The CrownX for $400 million. Vietnam’s Masan Group 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 prior to the investment.

Turkey Issues Vaccine ID Cards For International Travel

Turkey has debuted a COVID-19 inoculation ID card for its citizens, which is accessible via a digital app. Individuals who have received their first and second doses of the COVID-19 inoculation will be able to make an ID card via the health ministry. Moreover, applicants will have the capacity to add their passport numbers to the vaccine ID cards.

WHO Chief Warns Of Ongoing Pandemic Despite Vaccines, Less Restrictions

World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus said the pandemic is not nearly over despite high vaccination rates. His remarks came after the Centers for Disease Control and Prevention (CDC) said that people could go without masks in a number of places if they are completely vaccinated.