The latest move in container line vertical integration came from China today, as it was announced that OOCL Logistics’ e-commerce platform, EShipping, will become a joint-venture with JD.com
OOCL majority owner Cosco Shipping has struck up a deal with JD Logistics that will result in a $38m investment in EShipping and the delivery division of JD.com holding a 56% stake.
JD will take also hold a majority on the board, electing three …
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Source: The Loadstar