JD Logistics

JD Logistics and Geopost form strategic partnership

JD Logistics (JDL) and Geopost have launched an important partnership to improve their worldwide logistics capabilities.

The agreement is expected to improve international express services between China and Europe by combining JDL’s warehouse network and Geopost’s logistics delivery capabilities, providing consumers and companies with high-quality express logistics services.

According to a statement, JDL and Geopost will establish C2C and B2C shipping solutions between China and Europe in both...

https://container-news.com/jd-logistics-and-geopost-form-strategic-partnership/

JD.com flies freighters with own pilots. Will Amazon Air follow?

A red-and-white JD Airlines freighter on the taxiway with apartment buildings in the background.

Amazon runs a rapidly growing airline, but Chinese e-commerce platform JD.com has gone a step further exerting control over its supply chain: hiring pilots to fly cargo jets and haul freight for third-party customers.

Welcome to JD Airlines, the latest evolution in online retailers building their own transportation and fulfillment networks to meet customer expectations for rapid, reliable delivery of their orders. 

Mercado Libre, South America’s version of Amazon, and Alibaba, another Chinese...

https://www.freightwaves.com/news/jdcom-flies-freighters-with-own-pilots-will-amazon-air-follow

Against the odds: No rat traps sprung as BDP sale saga ends with PSA biting

I almost – damn it, damn it, damn it! – reached my final ‘M&A destination’ yesterday, having thought and mused and talked relentlessly about the BDP International takeover for about 15 hours, until late evening…

… when some rather colourful remarks were shared, internally at Premium, by yours truly – given that it was all so strangely quiet for a classic forwarder/3PL + forwarder/3PL deal… about happen, according to sources.
“Someone said it’s …

The post Against the odds: No rat traps sprung as...

https://theloadstar.com/against-the-odds-no-rat-traps-sprung-as-bdp-sale-saga-ends-with-psa-biting/

Late investor activity lowers JD Logistics’ initial stock gains

On Friday, JD Logistics (HKG:2618), the logistics spinoff of Chinese e-commerce giant JD.com (NASDAQ:JD), made its Hong Kong Stock Exchange debut priced at $HK40.36. It hit its peak of $HK47.75 and eventually gave up those gains, closing at $HK41.70 for a 3.3% gain.

Much of this drop from the peak was due to late retail investor activity, with security filings showing that the retail portion of the IPO was oversubscribed 715 times, according to a Reuters report.

This listing is the third to raise...

https://www.freightwaves.com/news/late-investor-activity-lowers-jd-logistics-initial-stock-gains

China-based ForU Worldwide files for $100M IPO in US

ForU Worldwide, a digital freight transportation company based in China commonly known as Fuyou Trucks (Fuyou Kache), on Thursday filed with the Securities and Exchange Commission for an initial public offering that could raise up to $100 million. The company was founded in 2015 and booked $622 million in revenue in the 12 months prior to March, 31.

ForU plans to list on the Nasdaq under the symbol FOYO.

The company uses algorithms that have been developed with deep learning techniques that cover...

https://s29755.pcdn.co/news/china-based-foru-worldwide-files-for-100m-ipo-in-us

JD Logistics approved for IPO; spinoff could raise $4B

JD Logistics, the logistics entity for Chinese e-commerce leader JD.com (NASDAQ:JD), was approved for an initial public offering (IPO) by the Hong Kong Stock Exchange. The spinoff could raise up to $4 billion, following the lead of its sibling spinoff, JD Health International (HKG:6618), which raised $3.9 billion in December.

On Monday, the logistics unit began premarketing meetings led by UBS Financial with joint sponsors including Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Haitong...

https://s29755.pcdn.co/news/jd-logistics-approved-for-ipo-spinoff-could-raise-4b

JD.com grows revenue 31%, may avoid listing logistics unit

JD.com (NASDAQ: JD), a leading Chinese e-commerce company, reported a 31% jump in fourth-quarter revenue totaling $34.4 billion, and total revenue of $114.3 billion for 2020. The company’s core retail business saw the largest jump in revenue at $31.9 billion. Year-over-year, the company reported a 30% increase in active users to 471.9 million, it said on a Thursday earnings call.

Earnings per share increased 187.5% year-over-year to 23 cents, beating the 19-cent estimate. The company is...

https://s29755.pcdn.co/news/jdcom-grows-revenue-31%-may-avoid-listing-logistics-unit

JD.com buys $432 million majority stake in express delivery giant

JD.com buys $432 million majority stake in express delivery giant (Photo: Kuayue Group)

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...

https://s29755.pcdn.co/news/jd-com-buys-432-million-majority-stake-in-express-delivery-giant

Investment agreement for COSCO logistics platform

Orient Overseas International Limited (OOIL), COSCO Shipping Logistics and JD Logistics entered into an “Investment and Cooperation Agreement”, in order to establish the Joint Venture through the Joint Venture Formation.

The Joint Venture Formation will involve:

  • the injection of the JD Onshore Company into the Joint Venture by JD Logistics and the acquisition of the JD Offshore Company by the Joint Venture funded by JD Logistics
  • the acquisition of Eshipping by Gold Talent and COSCO SHIPPING...

https://container-news.com/investment-agreement-cosco-logistics-platform/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.