The Digital Source For China's Tech Innovation Since 2000

Search
Close

JD.com nearing deal for controlling stake in China Logistics

August 27, 2021
Source: aircargoworld.com aircargoworld.com
News Snapshot:
JD.com Inc. is in advanced talks to acquire a controlling stake in China Logistics Property Holdings Co., according to people familiar with the matter. The Chinese e-commerce giant is close to an agreement to acquire the stake in the Hong Kong-listed firm from the major shareholders, China Logistics chairman Li Shifa and RRJ Capital, the people said. Shares of China Logistics surged more than 13% before they were suspended Thursday pending inside information, according to an announcement. China Logistics has a market value of about HK$14.7 billion ($1.9 billion) as of the time of the suspension. Bank of America Corp....
Go To Original Source →
Tags: agreement | America | bank | Business | capital | cash | chairman | China | Chinese | community | coronavirus | e-commerce | Giant | Goldman Sachs | group buying | Hong Kong | infrastructure | IT | JD | logistics | Pandemic | private equity | Shanghai | United States | USA

Other Related News:

China can't get US data under plan, says top attorney for TikTok

April 1, 2023

ChatGPT in Trouble: Why has Italy blocked the AI chatbot?

April 1, 2023

India, Sri Lanka, Maldives have close cooperation on security. But China can test it

April 1, 2023

Why Taiwan is already under attack Audio Long Reads

April 1, 2023

7 Most-Stylish Tech Leaders of Silicon Valley [Part 2]

April 1, 2023

The pressing need to improve R&D in India & why it can't emulate the East Asian model

April 1, 2023

Ditch TikTok app on cellphones, UBC advises students

April 1, 2023

US unveils stricter EV tax credit rules, effective April 18

April 1, 2023

Parliamentary committee to investigate B.C. forestry giant

April 1, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter