JD.com Announces the Proposed Acquisition of Deppon Logistics Co., Ltd by JD Logistics
Deppon is an integrated, customer-centered logistics company providing a wide range of solutions including Less-Than-Truckload (LTL) transportation, Full Truck Load (FTL) transportation, delivery services, and warehousing management in China.
- Deppon is an integrated, customer-centered logistics company providing a wide range of solutions including Less-Than-Truckload (LTL) transportation, Full Truck Load (FTL) transportation, delivery services, and warehousing management in China.
- The transactions are subject to a staggered acquisition arrangement and certain customary closing conditions, including relevant regulatory approvals.
- Upon completion of the proposed transactions, Deppon Holdco (including Deppon and its subsidiaries) will become a subsidiary of JD Logistics, and its financial results will be consolidated into JD Logistics consolidated financial statements.
- JD.coms cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it.