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The latest update is out from JD Logistics, Inc. ( (HK:2618) ).
JD Logistics, Inc. announced the acquisition of JD.com’s local on-demand delivery services business for approximately US$270 million. This strategic move, involving the transfer of Dajiang and Dasheng subsidiaries, aims to enhance JD Logistics’ market position and operational capabilities in the logistics sector. The acquisition, classified as a connected transaction, is subject to certain reporting and review requirements but does not require independent shareholder approval.
The most recent analyst rating on (HK:2618) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
More about JD Logistics, Inc.
JD Logistics, Inc. operates in the logistics industry, focusing on providing comprehensive supply chain solutions and on-demand delivery services. The company is a subsidiary of JD.com, which holds a significant controlling interest.
Average Trading Volume: 15,664,080
Technical Sentiment Signal: Sell
Current Market Cap: HK$84.32B
For a thorough assessment of 2618 stock, go to TipRanks’ Stock Analysis page.