EBay, Citic Deliver Logistics Venture

The entrance to the eBay Inc. company headquarters is seen in San Jose, California, in January 2017. Photo: VCG

U.S. e-commerce giant eBay Inc. has set up a joint venture with a unit of Citic Private Equity Funds Management Co. Ltd. to expand its cross-border logistics network as online retailers work to deliver goods faster to overseas buyers.

In a statement, eBay said it has signed a strategic partnership agreement with Orange Connex Holding to form Orange Connex Ltd. (OCL).

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