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JD LOGISTICS Acquires Controlling Stake in JD-SW's On-Demand Delivery Biz for USD270M
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JD LOGISTICS (02618.HK) announced the acquisition from its parent company, JD-SW (09618.HK) (JD.US), of a 100% stake in Dajiang and Dasheng, companies engaged in local on-demand delivery services and wholly-owned by JD-SW, for USD270 million.

Upon completion, JD LOGISTICS' last-mile delivery capabilities will be enhanced, allowing the company to improve its fulfillment capacity, operational efficiency, and user experience, aligning with its overall strategy for sustainable growth and profitability.

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