JD acquires controlling stake in Chinese delivery company

The company is specializing in limited-time express service across China

JD.com

JD acquires controlling stake in Chinese delivery company. Source: shutterstock.com

JD.com has announced that JD Logistics, its subsidiary, will acquire a controlling interest in Kuayue-Express Group.

The acquisition, which is expected to close Q3 2020, involves a combination of buying existing shares and subscribing to newly issued shares of Kuayue Express.

We are pleased to collaborate with Kuayue Express to provide customers with the best services available. Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and advanced operations. Collaborating with Kuayue Express advances our integrated supply chain management, technology initiatives, and service expansion to third party merchants. We will leverage our respective advantages and the synergy the collaboration creates to enhance the client experience and increase overall supply chain efficiency for JD and society at large
Zhenhui Wang, CEO of JD Logistics

We’ve reported that JD.com started collaborating with its on-demand delivery platform Dada Group to provide JD’s customers with a one-hour delivery service. Their cooperation is the expansion of JD’s Omnichannel Fulfillment program, launched in 2019.

This way, JD customers can now directly buy more than 3 million products from participating stores on JD.com and receive them within an hour. Although, some products can even be delivered within 15 minutes.

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