How JD.com Scores Against Alibaba In Terms Of Logistics? - JD.com (NASDAQ:JD)

JD.com Inc JD is in advanced discussions to acquire a controlling stake in China Logistics Property Holdings Co, Bloomberg reports.
The Chinese e-commerce firm is negotiating with significant shareholders, China Logistics Chair Li Shifa and RRJ Capital. RRJ Capital and China Logistics have put over 50% of the company up for sale, seeking a valuation of about $2 billion.
Chinese companies have been investing heavily in warehouses and logistics infrastructure following the pandemic-driven shift to e-commerce.
Reuters reports that JD.com's inventory holding strategy and in-house delivery network control offered it an edge against Alibaba Group Holding Ltd BABA, which outsources its logistics operations.
JD.com's own logistics unit increased revenues by 54% in the first half. JD Logistics Inc JDLGF JDLGY currently operates over 1,200 warehouses.
JD.com, which recently reported a Q2 beat, does not expect any impact from the Chinese tech crackdown.
Price Action: JD shares traded higher by 0.56% at $76.58 in the market session on the last check Thursday.