Jiangsu Xinning Modern Logistics is a China-listed logistics firm that provides supply-chain and logistics services tailored to consumer electronics. The company disclosed a strategic partnership with JD Logistics to build a big-data system to optimize matches between cargos and vehicles. The digital solution is targeted to reach 200,000 vehicles by 2020 and over 2 million eventually, and will serve both JD’s in-house demand and third-party customers while prioritizing JD’s needs. Xinning announced that JD.com will invest 376 million yuan (around $55 million) for up to a 10% stake. The partnership and investment are positioned to boost efficiency and cut costs across the logistics network. The filings describe Xinning as integrating with JD’s logistics ecosystem but do not detail Xinning’s standalone financials in the article.

Total raised

$55M

Funding rounds

1

Latest round

Equity

Latest activity

May 2019