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May 14, 2019 09:34 am GMT

JD.com to foster connected vehicle fleets with $55M investment

JD.com, the Chinese answer to Amazon and Alibaba’s long-time rival, is looking to further automate its logistics network after agreeing to pour 376 million yuan (around $55 million) into Jiangsu Xinning Modern Logistics in exchange for up to 10 percent stake. That’s according to a filing released on Monday by Xinning, a China-listed logistics firm […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jCTpAHIUTfA/

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