JD grows logistics footprint with Deppon acquisition
Acquisition is valued at $1.4B
JD.com’s logistics subsidiary JD Logistics (JDL) has agreed to acquire about 66.5% of the shares of Chinese logistics company Deppon, which are valued at $1.4 billion. The acquisition involves a series of agreements, under which JDL would acquire 99.99% of the equity interest in Ningbo Meishan Baoshui Area Deppon Investment Holding Co. Ltd., which holds […]
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