JD Logistics Inc

02618: XHKG (HKG)
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JD Logistics: New Food Delivery Business Neutral to Earnings; Fair Value Estimate Intact

On June 24, JD Logistics, or JDL, began recruiting full-time riders to support JD.com's food delivery operations. The company expects this initiative to create synergies with its existing last-mile delivery and other logistics services.

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