JD Logistics partners with Carrefour

JD Logistics has announced it is seeking to raise as much as $3.4bn in its Hong Kong initial public offering (IPO).

JD Logistics is to start providing logistics services for Carrefour, including; customs, sortation and distribution.

Carrefour opened a store on JD.com last year, making products stocked in China available to JD’s consumers. This year, Carrefour is going to launch another store on JD.com, this time a flagship store to sell products stocked outside China, such as France.

JD Logistics is keen to expand, recently entering more cities in China as well as hiring more couriers, hoping to turn around the losses from 2018 operations.

Source: KrASIA