Chinese e-commerce giant JD.com soared nearly six percent on its Hong Kong debut Thursday, after raising almost $4 billion in an initial public offering that was the world’s second-biggest this year. The new debut comes as Chinese companies — especially those in tech — eschew Wall Street because of rising tensions between Washington and Beijing. It is also a shot in the arm for Hong Kong as fears mount over the potential fallout of Beijing’s plan to impose a new national security law on the city banning subversion and foreign interference.
