Chinese e-commerce giant JD.com has acquired a controlling stake in Chinese express transport company Kuayue Express Group for 3 billion yuan ($432 million). JD Logistics, the logistics arm of JD.com, will now work with Kuayue Express, a firm regarded as a front-runner in “limited-time express service” — integral to JD.com’s idea of same- and next-day delivery.
“Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and...
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