JD.com to acquire a 26.38% of a stake in China Logistics Property Holdings from Yupei International for $513.45m.

JD.com, a Chinese e-commerce giant, agreed to acquire a 26.38% of a stake in China Logistics Property Holdings, a logistics infrastructure and service provider, from Yupei International, an investment enterprise, for $513.45m. The acquisition will take JD.com's stake in China Logistics Property Holdings to 35.8%, resulting the company to make a buyout offer of a whole company under the Rule 26.1 of Hong Kong Takeover Code.