Stock Track | JD Logistics Stock Soars on Expansion of International Express Delivery Services

Stock Track09-30

Shares of JD Logistics (02618) surged 7.16% on Monday, September 30, as the logistics arm of Chinese e-commerce giant JD.com announced the launch of a new express delivery service from China to Japan and South Korea.

The move is seen as a strategic expansion of JD Logistics' international operations, catering to the growing demand for cross-border logistics solutions. With its in-house couriers capable of collecting parcels within an hour after an order is placed, the company aims to tap into the lucrative cross-border e-commerce market and provide efficient delivery services to customers in Japan and South Korea.

JD Logistics, a leading integrated supply chain service provider, has been at the forefront of logistics innovation in China. The company has pioneered same- and next-day delivery services, fulfilling over 90% of JD.com's retail orders within 24 hours. With its extensive network of over 1,600 warehouses in China and globally, JD Logistics is well-positioned to leverage its supply chain capabilities and expand its international reach.

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