JD.com, Inc. Class A (HK:9618) has released an update.
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JD Logistics, a subsidiary of JD.com, is set to acquire the remaining 36.43% equity interest in Kuayue-Express for up to RMB6,484 million, aiming for full ownership. This strategic move is expected to enhance JD Logistics’ operational capabilities and expand its market presence. Investors may find this consolidation beneficial as JD Logistics continues to strengthen its logistics network.
For further insights into HK:9618 stock, check out TipRanks’ Stock Analysis page.