Suning Logistics Arm To Acquire CICC-Qianhai Backed Tiantian Express

For Digital Subscribers Only

A logistics subsidiary of Chinese retail giant Suning Commerce Group Co., Ltd. has agreed to acquire Hangzhou-based logistics company, Tiantian Express, for RMB4.25 billion (US$612 million) to expand its delivery and logistics capabilities, the company announced.

China Money Network

Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech

Register Now

Want to read this important story?

Access thousands of news articles and data posts over the past 9 years!

Already have an account or paid subscription? Log in

Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.