JD.com, the Chinese answer to Amazon and Alibabas long-time rival, is looking to further automate its logistics network after agreeing to pour 376 million yuan (around $55 million) into Jiangsu Xinning Modern Logistics in exchange for up to 10 percent stake. Thats according to a filing released on Monday by Xinning, a China-listed logistics firm with supply chain services tailored to consumer electronics.
Transportation
May 14 2019 2:25 pm
May 14 2019 2:25 pm