Economy News Shares Buys Stake in Logistics Business

Sponsored announced Friday that it will buy stake in Kuayue-Express Group, a privately held logistics business. The deal is valued at 3 billion yuan ($365 million), with which will buy both current and newly released shares of Kuayue.

The move shall strengthen’s presence in the logistics field, which should, in turn, bolster its core task that is retail. Technically, the company’s subsidiary Jingdong Express Group (also known as JD Logistics) could end up being the entity buying Kuayue.’s upcoming acquisition ended up being founded in 2007. Kuayue’s vehicle fleet is all about 15,000 strong, and it runs 11 charter flights daily in Asia. The business handles around 300,000 deliveries daily.

“Collaborating with Kuayue Express improvements our integrated supply chain administration, technology initiatives, and solution expansion to party that is third,” quoted JD Logistics CEO Zhenhui Wang as saying. “We will leverage our particular advantages and the synergy the collaboration produces to enhance the client experience and increase supply that is overall effectiveness for JD and society at large.” did perhaps not specify what size a big part stake in Kuayue it’s acquiring. The business expects the deal to close into the quarter that is third of 12 months.

The e-commerce that is continues that are chinese be robust. The sector is fairly competitive, particularly as it’s led by behemoth Alibaba while is a major player.

Following news of the Kuayue deal,’s shares dipped by 0.8%, a slightly steeper decrease than that experienced by the S&P 500 index. announced Friday that it will buy stake in Kuayue-Express.

Read More:


Shiomi Saito

Shiomi Saito is a well known finance expert. She has served over 20 years in the finance Industry across Europe and Asia. In the past, she has held managerial positions in reputable global rating agencies and multinational banks. She has also managed regional teams across Europe and Asia which focused on analytics related to both corporate and financial Institutions. She is experienced in building index products for investment banks and multinational banks, risk management and analytics, key risk drivers including FX, geopolitical credit as well as macro over a wide range of sectors. She is also a finance writer and has written extensively for larger audiences. She is currently focused on the development of financial markets, in Currencies, commodities, alternative asset classes and global equities. She has been an author with MetaNews since Dec, 2013.
Follow Me:

Related Posts