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JD grows logistics footprint with Deppon acquisition

Acquisition is valued at $1.4B

Caryn LivingstonbyCaryn Livingston
March 15, 2022
in Archive, E-Commerce
0
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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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Tags: ACNDeppon LogisticsJD LogisticsJD.commergers and acquisitions (M&A)Premium
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