Jayud Global Logistics (JYD) announced it has received a government subsidy of RMB30.26M (approximately $4.2M) from the Shenzhen Transportation Bureau. The subsidy relates to two charter flight routes, Shenzhen-Clark and Shenzhen-Davao, operated by the company during 2022-2023 as part of its expanded air freight services. Chairman and CEO Xiaogang Geng stated the support validates their strategic expansion and will positively impact financial performance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JYD: