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JD Logistics to buy rival Deppon for $1.4 billion

JD Logistics, a Hong Kong-listed logistics arm of the e-commerce large JD, has entered an settlement to purchase a 67% stake in courier rival Deppon Logistics Co., Ltd. $1.4 billion.

The deal is the newest transfer by JD in constructing its logistics infrastructure community, a foundational service for China’s e-commerce market, by exterior acquisition and funding.

The e-commerce titan has backed many different logistics and supply firms corresponding to China Logistics Property Holdings Co., Kuayue Categorical, and Dada Nexus.

By investments, JD is tapping into totally different verticals within the logistic and provide chain companies. Deppon supplies “differentiated companies” and “the overlap will not be a lot” to JD Logistics’ core enterprise, based on Thomas Chong, an analyst at funding financial institution Jefferies.

Deppon focuses on massive objects, freight transportation, and manufacturing prospects.

JD Logistic’s different subsidiaries, Kuayue focuses on air freight and enterprise shoppers, whereas Dada Nexus focuses on-demand inter-city grocery and parcel supply to particular person customers.

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