Jingdong said to be planning major IPO during second half

Chinese online retailer 360buy Jingdong Inc plans to raise about $2 billion in an initial public offering in the second half of the year, three people with knowledge of the matter said. The company is working with Bank of America Corp and UBS AG, said the people, who asked not to be identified because the details are private. Jingdong is leaning toward a US listing, though Hong Kong is apparently also a potential IPO destination.