JD.com pours $54m into Chinese logistics firm Jiangsu Xinning for 10% stake

JD.com pours $54m into Chinese logistics firm Jiangsu Xinning for 10% stake

REUTERS/Jason Lee

China’s e-commerce giant JD.com Inc has invested 376 million yuan ($34.6 million) into listed logistics firm Jiangsu Xinning Modern Logistics, according to a stock filing by the latter on Monday.