Indonesia’s J&T Express buys Chinese rival Best’s logistics business amid price war centred in manufacturing hub of Yiwu

//Indonesia’s J&T Express buys Chinese rival Best’s logistics business amid price war centred in manufacturing hub of Yiwu

Indonesia’s J&T Express buys Chinese rival Best’s logistics business amid price war centred in manufacturing hub of Yiwu

Indonesian logistics firm J&T Express announced that it will acquire its Chinese rival Best Inc’s courier business for 6.8 billion yuan (US$1.06 billion), amid a brutal price war among the industry’s major players.“The acquisition of Best Express advances J&T Express’ strategy to enhance our end-to-end supply chain management in the Chinese market by leveraging Best’s strong infrastructure capabilities and extensive partnership network,” said J&T CEO Steven Fan, adding that the deal will also…

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By | 2021-10-30T07:59:47+00:00 October 30th, 2021|Technology|Comments Off on Indonesia’s J&T Express buys Chinese rival Best’s logistics business amid price war centred in manufacturing hub of Yiwu