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Roehl Niño Bautista · · 1 min readEcommerce major JD.com gets initial approval for own cargo airline
“Chinese ecommerce giant JD.com, owned by billionaire Richard Liu Qiangdong, is on track to become the country’s first ecommerce player with its own air cargo fleet,” reported South China Morning Post (SCMP).
Details:
- The Civil Aviation Administration of China granted preliminary approval for the Jiangsu Jingdong Cargo Airlines, which will be a joint venture between JD.com and Nantong Airport Group. JD.com will put in 75% of the airlines’ starting capital.
- This will be the first cargo airline backed by an ecommerce firm in China and the country’s third private cargo airline following SF Express and YTO Express.
Dive deeper:
- JD Logistics, JD.com’s logistics arm, currently runs air delivery services via a number of partnerships with Chinese airlines, the SCMP report added.
- In May, JD Logistics raised US$3.2 billion in its Hong Kong public listing to make improvements to its systems.
Editing by Collin Furtado and Arpit Nayak
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