JD.com in advanced talks to buy controlling stake in China Logistics – Bloomberg News

FILE PHOTO: A sign of JD.com is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song

(Reuters) – Chinese e-commerce company JD.com Inc is nearing a deal to buy a controlling stake in storage facilities manager China Logistics Property Holdings Co, Bloomberg News reported on Thursday, citing people familiar with the matter.

JD is in advanced talks to acquire the stake from major shareholders, China Logistics chairman Li Shifa and private equity firm RRJ Capital, the report said here, adding that no final decision has been made and the talks could still fall apart.

JD and China Logistics did not immediately respond to Reuters requests for comment.

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