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JD.com signs agreement with Japanese parcel courier

Published 12/27/2017, 04:10 PM
© Reuters.  JD.com signs agreement with Japanese parcel courier
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  • Japanese parcel courier Yamato Holdings will partner with JD.com (NASDAQ:JD) to ship products through China starting next year.
  • JD.com already operates a national delivery network in China. Utilizing the existing network saves Yamato the money and time of establishing its own international operation.
  • Yamato will ship the products from Japan to China then hand the delivery off to JD.com. Yamato will provide shipping service support.
  • Japan-based Nippon Express has a similar shipping agreement with Alibaba (NYSE:BABA), the largest internet retailer in China.
  • JD.com shares are up 0.3% aftermarket.
  • Previously: Tencent leads $863M investment in apparel platform (Dec. 18)
  • Now read: JD.Com: Is The Current Stock Price Justified?


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