Deppon Express was collected by Jingdong

Collected.

A while ago, Jingdong Logistics (02618.HK) successfully completed the acquisition of Deppon. In fact, as early as March this year, there was news of Jingdong's acquisition of Deppon, during which Jingdong went through layers of holdings over a period of four months, and finally got hold of 66.5% of Deppon's shares, and finally put Deppon Logistics in the bag.

The transaction Jingdong Zhuo Feng total transferee transfer party holds 93.86 million shares of Deppon Holdings, the overall transaction will be carried out in three phases, the total transfer price of about, this nearly 9 billion yuan of mergers and acquisitions, but also hit the express delivery industry so far the largest amount of mergers and acquisitions.

DePont

Mention of DePont must not be unfamiliar to everyone, founded in 1996, initially by the express transportation, in January 2018 in the Shanghai Stock Exchange listing, the year the share price once reached 30.91 yuan per share.

Deppon has quite a leading edge in LTL business (60-3000KG large express) such as steam transport trucking and whole car pooling, and was once called China's "king of LTL" by the media. However, the development of the "king of LTL" is not a smooth road, starting in 2013, the rapid rise of the domestic courier industry, affected by this, relying on the traditional LTL business of Deppon into a slow growth predicament.

And many companies caught in the dilemma, Deppon is also looking for the road to transformation, so Deppon will focus on "3 ~ 60 kg free upstairs" large ticket courier service, from the express to express, trying to express the heavy cargo business market, "the first to strike for strength! "