JD's new investment to take control of Chinese logistics #Shorts
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JD's new investment to take control of Chinese logistics #Shorts
E-commerce giant JD.com has announced that one of its subsidiaries is taking control of China Logistics Property. The 26 percent share will cost JD Property HK$4 billion. Chinese companies have invested heavily in warehouses and logistics infrastructure as the pandemic accelerated the shift to e-commerce. JD.com's delivery division has grown steadily, increasing revenue by 54 percent in the first half.
E-commerce giant JD.com has announced that one of its subsidiaries is taking control of China Logistics Property. The 26 percent share will cost JD Property HK$4 billion. Chinese companies have invested heavily in warehouses and logistics infrastructure as the pandemic accelerated the shift to e-commerce. JD.com's delivery division has grown steadily, increasing revenue by 54 percent in the first half.
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