On December 6, 2024, JD Logistics, a subsidiary of JD.com, announced an agreement to acquire the remaining 36.43% equity interest in Kuayue-Express Group Co., LTD. JD Logistics already held approximately 63.57% equity interest in Kuayue-Express.The acquisition, valued at up to RMB6,484 million, will result in JD Logistics owning 100% of Kuayue-Express. The transaction will be completed in a series of steps and is subject to customary closing conditions.This strategic move is expected to enhance JD Logistics' operational capabilities and expand its market presence. The completion of the transaction will consolidate JD Logistics' control over Kuayue-Express, potentially leading to improved service integration and efficiency.

On December 6, 2024, JD Logistics, a subsidiary of JD.com, announced an agreement to acquire the remaining 36.43% equity interest in Kuayue-Express Group Co., LTD. JD Logistics already held approximately 63.57% equity interest in Kuayue-Express.The acquisition, valued at up to RMB6,484 million, will result in JD Logistics owning 100% of Kuayue-Express. The transaction will be completed in a series of steps and is subject to customary closing conditions.This strategic move is expected to enhance JD Logistics' operational capabilities and expand its market presence. The completion of the transaction will consolidate JD Logistics' control over Kuayue-Express, potentially leading to improved service integration and efficiency.