JD Acquires Majority Stake in Deppon Logistics

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Image Source: Visual ChinaBEIJING, March 11 (TMTPOST) —Chinese logistic company Deppon Logistics (603056.SH) said in an announcement on Friday that JD Logistics (2618.HK) will acquire 66.49% of its stake, which will make JD Logistics the biggest shareholder of the company.Deppon Logistics said in the announcement that it will delist from the stock market after the deal is completed.JD Logistics’ parent co