JD arm, Dongfeng Motor among six firms to invest $354m in China Railway unit

JD arm, Dongfeng Motor among six firms to invest $354m in China Railway unit

Photo: Reuters

China’s national railway operator has sold a 15 percent stake in one of its units for 2.37 billion yuan ($349.9 million) to a group of six firms including JD.com’s logistics arm and Dongfeng Motor, in the latest implementation of the country’s mixed-ownership reforms.

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