Core Viewpoint - JD Logistics has signed an agreement to acquire 100% equity of Dada Group's local on-demand delivery business, Dajiang and Dasheng, for approximately $270 million, expected to be completed by Q4 2025, enhancing its supply chain solutions [1][4]. Group 1: Acquisition Details - The acquisition includes Dajiang, a leading player in the domestic on-demand delivery market, covering over 2,800 counties and districts with a daily order processing capacity exceeding 10 million [4]. - Dajiang's clients include major brands such as Walmart, Sam's Club, McDonald's, and Luckin Coffee, indicating a strong market presence [4]. - Dasheng is a newly established entity in Hong Kong, set to complement Dajiang as a core asset of JD Group's on-demand delivery business [4]. Group 2: Financial Performance - Dada Group reported losses of 64.95 million RMB in 2023 and 161.18 million RMB in 2024, with a projected profit of 75.17 million RMB in 2025, indicating a turnaround [4]. - As of June 30, 2025, Dada Group's book value is negative 737 million RMB, reflecting ongoing financial challenges [4]. Group 3: Strategic Implications - The acquisition is viewed as a strategic move for JD Logistics to enhance its "warehouse + on-demand delivery" integration capabilities, allowing for better control over the entire delivery process [5]. - Post-acquisition, JD Logistics will manage a vast on-demand delivery network, including a rapidly expanding full-time rider workforce, improving last-mile delivery services [5]. - JD Group aims to focus on its core e-commerce business while retaining influence in the on-demand delivery sector through its stake in JD Logistics [5].

Core Viewpoint - JD Logistics announced the acquisition of a wholly-owned subsidiary engaged in local instant delivery business from JD Group for $270 million, leading to a more than 4% increase in its stock price on the same day [2]. Group 1: Acquisition Details - The target business for acquisition is the instant delivery segment previously operated by Dada Group, which includes local instant retail and delivery services [2]. - JD Logistics believes the target business has commercial potential and opportunities for further expansion, aiming to enhance its service offerings and product matrix [2]. - The acquisition is expected to strengthen JD Logistics' competitive edge, open new business opportunities, and improve its last-mile delivery capabilities [2]. Group 2: Financial Performance - Dada's instant delivery business shows significant potential, with a projected net profit of 7.52 million yuan for the first half of 2025, indicating a shift to profitability [3]. - Dada's total net revenue for 2024 is reported at 9.664 billion yuan, a year-on-year decline of 8%, while the revenue from Dada's instant delivery service grew by 44.6% from 4.015 billion yuan in 2023 to 5.805 billion yuan in 2024 [3]. - The decline in overall performance is attributed to a 40.6% drop in revenue from JD's instant delivery service, primarily due to reduced online advertising and marketing service income [3]. Group 3: Industry Trends - JD has been actively expanding its instant delivery business alongside its food delivery services, with plans to provide full-time riders with social insurance starting March 1, 2025 [4]. - As of the second quarter of 2025, JD's full-time rider count has exceeded 150,000 [4]. - The instant retail sector is projected to have substantial growth potential, with the market expected to surpass 5 trillion yuan by 2027, driven by advancements in big data and AI technologies [4].

Core Viewpoint - JD Logistics has announced the acquisition of 100% equity in two subsidiaries engaged in local instant delivery services from JD.com for $270 million, aiming to enhance its delivery capabilities and operational efficiency [1][2]. Group 1: Acquisition Details - The acquisition involves JD Logistics purchasing 100% equity of Dajiang and Dashing, both wholly owned subsidiaries of JD.com, for $270 million [1]. - Dajiang has a registered capital of $700 million, while Dashing was established in January 2025 under Hong Kong law [1]. - Prior to the acquisition, JD.com held 100% ownership of both subsidiaries and indirectly owned approximately 62.99% of JD Logistics [1]. Group 2: Business Performance - JD Logistics reported a revenue of approximately 98.53 billion yuan for the first half of 2025, representing a year-on-year growth of 14.1% [1]. - The company achieved a profit of 3.34 billion yuan during the same period, reflecting a year-on-year increase of 7.1% [1]. Group 3: Operational Capacity - As of June 30, 2025, JD Logistics employed over 550,000 operational personnel, including full-time delivery riders, and operated more than 19,000 delivery stations and outlets [2]. - The company has been expanding its full-time rider recruitment to support the new local instant delivery services [2]. - The board of JD Logistics believes that the acquisition will enhance the company's product matrix and business landscape, improving last-mile delivery capabilities and overall user experience [2]. Group 4: Market Reaction - Following the announcement of the acquisition, JD Logistics' stock price rose by 3.51%, closing at HKD 12.99 per share on October 9 [3].

京东物流在6月24日发布公告，称随着京东外卖业务的发展，京东物流开始招募全职骑手，参与京东外 卖的配送服务。 目前即时零售行业仍有较大的增长空间。商务部国际贸易经济合作研究院发布的《即时零售行业发展报 告（2024）》显示，即时电商运用大数据和人工智能等技术，预测消费者需求，优化库存管理和配送路 径，并不断完善即时配送体系，缩短商品从实体商户（仓库）到消费者的时间，满足了消费者对快速、 高效的购物需求。预计2027年，我国即时电商市场规模将突破5万亿元。 10月9日，京东物流在港交所发布公告，宣布以2.7亿美元从京东集团收购从事本地即时配送业务的全资 子公司。当天，京东物流股价上涨超4%。 （文章来源：第一财经） 据了解，京东物流拟收购的本地即时配送业务为原达达集团的即时配送业务，原达达集团主营业务分为 本地即时零售业务和本地即时配送业务。 京东物流在公告中提及，鉴于即时配送业务过去数月的表现，公司认为目标业务具备商业潜力及进一步 拓展业务的机会。京东物流表示，收购可以拓展集团的解决方案及服务组合，补充其现有产品矩阵及业 务版图。同时，收购将助力集团巩固产品竞争力、开拓新商机、推动业务增长，以及加强公司的"最 ...

Core Viewpoint - JD Logistics has announced the acquisition of its wholly-owned subsidiary engaged in local instant delivery services from its parent company, JD Group, for a total consideration of approximately $270 million [1] Group 1: Acquisition Details - The acquisition includes businesses such as JD Group's Jida Jiang and Dasheng, which are involved in local instant delivery services [1] - The acquisition is expected to enhance service capabilities and create synergies with JD Logistics [1] Group 2: Financial Implications - The target business has already achieved pre-tax profitability, and the valuation is based on the price-to-earnings method while referencing comparable companies in the industry [1] - Jefferies has set a target price of HKD 19 for JD Logistics, reiterating a "Buy" rating, indicating a potential upside of 50% relative to the current market price [1]

Core Viewpoint - JD Logistics (02618) announced the acquisition of its wholly-owned subsidiary engaged in local instant delivery services from its parent company JD Group-SW (09618) for a total consideration of approximately $270 million [1] Summary by Category Acquisition Details - The acquisition includes JD Group's instant delivery businesses, namely Jida Jiang and Dasheng [1] - The acquisition is expected to enhance service capabilities and generate multiple benefits, creating synergies with JD Logistics [1] Financial Performance - The target business has already achieved pre-tax profitability [1] - The valuation of the acquisition is based on the price-to-earnings method, referencing comparable companies in the industry [1] Analyst Rating - Jefferies set a target price of HKD 19 for JD Logistics, reiterating a "Buy" rating, indicating a potential upside of 50% relative to the current market price [1]

Core Viewpoint - JD Logistics plans to acquire JD.com's local instant delivery business for approximately $270 million, which includes 100% equity of subsidiaries Dajiang and Dasheng, enhancing its last-mile delivery capabilities and integrated supply chain solutions [1][2][4]. Group 1: Acquisition Details - The acquisition agreement was signed on October 8, 2025, with JD.com as the seller and JD Logistics as the buyer [1][4]. - The total consideration for the acquisition is about $270 million [1][4]. - Dajiang, a wholly-owned subsidiary of JD.com, has a registered capital of $700 million, while Dasheng was established under Hong Kong law in January 2025 [1][4]. Group 2: Strategic Implications - The acquisition is expected to strengthen JD Logistics' last-mile delivery capabilities and expand its integrated supply chain solutions and service offerings [2][6]. - This move aims to enhance resource integration, improve fulfillment capabilities, operational efficiency, and user experience, ultimately reducing logistics costs across society [2][6]. Group 3: Company Background - JD Logistics is a technology-driven integrated supply chain logistics service provider under JD Group, officially established in April 2017 and listed on the Hong Kong Stock Exchange in May 2021 [6]. - For the first half of 2025, JD Logistics reported revenue of approximately 98.53 billion yuan, a year-on-year increase of 14.1%, and a net profit of 3.34 billion yuan, up 7.1% [6].

京东物流表示，此次收购将有助于京东物流加强"最后一公里"配送能力，拓展一体化供应链解决方案及 服务组合，补充现有产品矩阵及业务版图，从而使企业能更好地整合资源以提升其履约能力、运营效率 和用户体验。 公告显示，JD.com作为京东物流的控股股东，间接持有京东物流约62.99%的权益，故为该公司的关联 人士。因此，根据上市规则，收购事项构成该公司的关联交易。 北京商报讯（记者 何倩）10月9日，京东物流在港交所发布公告称，于2025年10月8日，公司（作为买 方）与JD.com（作为卖方）订立业务转让协议。根据业务转让协议，本集团同意收购，而京东集团同 意转让目标业务。收购事项将透过向公司转让JD.com从事本地即时配送服务业务的全资子公司（即达 疆100%股权）及达盛100%普通股达成。收购事项的总对价为约2.7亿美元。 ...

Core Viewpoint - JD Logistics has announced the acquisition of local instant delivery service businesses from JD.com for approximately $270 million, which is expected to enhance its service offerings and competitive position in the market [1] Group 1: Acquisition Details - The acquisition involves the full ownership of JD.com's subsidiaries, Dajiang and Dasheng, which are engaged in local instant delivery services [1] - The total consideration for the acquisition is about $270 million [1] Group 2: Strategic Rationale - The acquisition is aimed at expanding the company's solution and service portfolio, complementing its existing product matrix and business landscape [1] - It is expected to strengthen the company's "last mile" delivery capabilities, which is crucial for enhancing service efficiency [1] - The move aligns with the company's overall strategy of pursuing sustainable growth and profitability [1]

Core Viewpoint - JD Logistics (02618) has seen a stock increase of over 4% following the announcement of a $270 million acquisition of JD.com's local instant delivery service business, indicating positive market sentiment towards the strategic move [1] Group 1: Acquisition Details - JD Logistics has entered into a business transfer agreement with JD.com, agreeing to acquire the target business for approximately $270 million [1] - The target business includes JD.com's wholly-owned subsidiaries engaged in local instant delivery services, namely Dajiang and Dasheng [1] - The acquisition is expected to enhance JD Logistics' service offerings and product matrix, thereby expanding its business landscape [1] Group 2: Strategic Implications - The board of JD Logistics believes that the target business has commercial potential and opportunities for further expansion based on its performance in recent months [1] - The acquisition is anticipated to strengthen the company's "last mile" delivery capabilities, which is crucial for enhancing competitiveness in the logistics sector [1] - This strategic move aligns with JD Logistics' overall strategy of pursuing sustainable growth and profitability [1]