JD Logistics buys 66.5% of China’s Deppon for $1.4 billion
Staff and Bloomberg report
JD Logistics Inc. plans to buy Chinese logistics firm Deppon Logistics Co. as the delivery arm of China ecommerce giant JD.com seeks to boost its network infrastructure in the world’s second-largest economy. JD.com is No. 1 in the Digital Commerce 360 Asia 300. JD Logistics agreed to pay about 9 billion yuan ($1.42 billion) for […]