Caixin
Apr 09, 2018 07:21 PM
BUSINESS & TECH

JD.com Plows Logistics Resources Into Mao Zedong Hometown

JD.com Inc. Chairman Liu Qiangdong. Photo: Hunan Daily
JD.com Inc. Chairman Liu Qiangdong. Photo: Hunan Daily

JD.com will invest 10 billion yuan ($1.6 billion) on a new smart logistics initiative in the hometown of former Chinese leader Mao Zedong, in the e-commerce giant’s latest push to improve efficiency of its national fulfillment networks.

JD.com Inc. has signed a deal with the city of Xiangtan, which will see the pair “cooperate to build up a smart logistics system in the city, including investment for the purchase of electric scooters and drones, among other projects,” the company said in statement on Sunday.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.