Announced
JD.com to acquire a 66.5% stake in Deppon Logistics for $1.42bn.
Synopsis
JD.com, an online direct sales company, agreed to acquire a 66.5% stake in Deppon Logistics, a logistics providing company, for $1.42bn. "The transaction is subject to a staggered acquisition arrangement and certain customary closing conditions, including relevant regulatory approvals," JD.com.
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