JD.com said to be in advanced talks to buy controlling stake in China Logistics

JD.com said to be in advanced talks to buy controlling stake in China Logistics

FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 16, 2014. REUTERS/Jason Lee/File Photo Photo by Reuters

Chinese e-commerce giant JD.com Inc is in advanced talks to acquire a controlling stake in storage facilities manager China Logistics Property Holdings Co for an undisclosed sum, Bloomberg News reported on Thursday, citing people familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter