JD.com ramps up China logistics expansion with US$432 million deal to acquire Kuayue Express

//JD.com ramps up China logistics expansion with US$432 million deal to acquire Kuayue Express

JD.com ramps up China logistics expansion with US$432 million deal to acquire Kuayue Express

Chinese online retail giant JD.com has agreed to buy a controlling stake in express transport firm Kuayue-Express Group Co for 3 billion yuan (US$432 million), escalating its efforts to transform into a major supply chain services and technology company.The deal was made weeks after JD.com bought a stake in Hong Kong-based Li & Fung for US$100 million, a strategic partnership that marries a 21st century hi-tech platform with one of the world’s largest logistics and supply chain networks…

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By | 2020-08-14T10:30:13+00:00 August 14th, 2020|Technology|Comments Off on JD.com ramps up China logistics expansion with US$432 million deal to acquire Kuayue Express