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