JD.com may have been the first Chinese e-commerce firm to list on the Nasdaq, but its CEO says he's not in any rush to list the company's internet finance unit.
One of the reasons for spinning off JD Finance, JD.com's finance arm, was a desire to expand further into the payments business, JD.com CEO and Chairman Richard Liu told CNBC's "Managing Asia."
The move would also ultimately pave the way for a future listing for JD Finance, Liu acknowledged.
"As a local [Chinese] company, [it's] easier for us to get license from the government. And second, you know ... [for a] financial consumer business model, if you can list in China, it will be very good to communicate with consumers," Liu said.
The internet retailer completed the spinoff JD Finance after first announcing its intentions to do so in March this year.
As part of the agreement, JD.com disposed of the 68.6 percent stake it had in JD Finance for 14.3 billion yuan ($2.2 billion). Meanwhile, Liu acquired a 4.3 percent stake of JD Finance and majority voting rights.
The reorganization resulted in an arrangement currently used by rival Alibaba and its financial affiliate, Ant Financial.