Summary by Moomoo AI
On December 6, 2024, JD.com's consolidated subsidiary, JD Logistics Co., Ltd., announced the signing of an equity transfer agreement to acquire the remaining approximately 36.43% of the equity interest in Kuayue Express Group Co., Ltd. The purchase price for this transaction will not exceed RMB 6484 million and can be adjusted according to the terms of the agreement. Upon completion of the transaction, JD Logistics will hold 100% of the equity interest in Kuayue Express, which will be achieved through a series of steps and must comply with customary closing conditions. JD Logistics currently holds approximately 63.57% of the equity interest in Kuayue Express, and this acquisition will make it a wholly-owned subsidiary of Kuayue Express. This move is expected to further enhance...Show More