JD.com in advanced talks to buy controlling stake in China Logistics - Bloomberg News-To The Moon - Tiger Brokers Online Investing Community

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JD.com in advanced talks to buy controlling stake in China Logistics - Bloomberg News

Reuters2021-08-26

Aug 26 (Reuters) - Chinese e-commerce company JD.com Inc

is nearing a deal to buy a controlling stake in storage facilities manager China Logistics Property Holdings Co

, Bloomberg News reported on Thursday, citing people familiar with the matter.

JD is in advanced talks to acquire the stake from major shareholders, China Logistics chairman Li Shifa and private equity firm RRJ Capital, the report said

adding that no final decision has been made and the talks could still fall apart.

JD and China Logistics did not immediately respond to Reuters requests for comment.

(Reporting by Akanksha Rana in Bengaluru; Editing by Ramakrishnan M.)

((akanksha.rana@thomsonreuters.com; ; Twitter: @AkankshaRanaa;))

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YeeMeng
·2021-08-26
Something positive for a change. It's about time
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