JD to acquire a majority stake in Kuayue Express from Sequoia Capital for $431m.

JD, an e-commerce company, agreed to acquire a majority stake in Kuayue Express, an express logistics services provider, from Sequoia Capital, an American venture capital firm, for $431m. "We are pleased to collaborate with Kuayue Express to provide customers with the best services available. Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and advanced operations. Collaborating with Kuayue Express advances our integrated supply chain management, technology initiatives and service expansion to third party merchants. We will leverage our respective advantages and the synergy the collaboration creates to enhance the client experience and increase overall supply chain efficiency for JD and society at large,” Zhenhui Wang, JD Logistics CEO.