Friday, September 3, 2021

JD.com's real estate unit has agreed to buy a controlling stake in China Logistics in a deal valuing the company at ~$2.1B, a 7% premium to Wednesday's close (Bloomberg)

Bloomberg:
JD.com's real estate unit has agreed to buy a controlling stake in China Logistics in a deal valuing the company at ~$2.1B, a 7% premium to Wednesday's close  —  - E-commerce giant agrees to acquire controlling stake  — Offer price is about a 7% premium to Wednesday close



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