JD.com subsidiary JD Logistics has formed a strategic partnership with the logistics services platform in connection with a $54.7m investment.

China-based supply chain logistics services provider Xinning Logistics has received a RMB376m ($54.7m) investment from a subsidiary of JD Logistics, the logistics arm of e-commerce company JD.com. Founded in 1997 and formally known as Jiangsu Xinning Modern Logistics, Xinning provides warehousing, storage and warehouse management in addition to freight and supply chain services spanning air,…

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