A wholly-owned subsidiary of JD Logistics, the logistics arm of Chinese e-commerce giant JD.com, has inked a strategic investment agreement to pour RMB376 million (US$54.76 million) into the country’s logistics firm Xinning Logistics, according to a statement on late Monday.
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech
Read 2 Articles for Free with a Basic Account
Gain limited and restricted access to China Money Network.Register Basic Account
Subscribe for an annual subscription!
Enjoy comprehensive and exclusive data you can't find elsewhere!More Info
Already have an account or paid subscription?