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JD Logistics targets air cargo with IPO proceeds

Will charters lead the way to an own-controlled network?

Charles Kauffman by Charles Kauffman
September 20, 2021
in Capacity & Demand, E-Commerce
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Beijing-based JD Logistics plans to spend the majority of net proceeds from its recent $3.2 billion IPO to upgrade and expand its logistics network. Some of that spend is earmarked to grow the company’s air cargo line-haul business.   The logistics giant was spun out from Chinese e-tailer JD.com in a May 28 global offering and […]

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