HK Stock Market Move | JD LOGISTICS (02618) surges nearly 3% and announces the launch of a new self-operated B2C express brand "JoyExpress" in Saudi Arabia.

JD LOGISTICS (02618) rose nearly 3%, as of the deadline, it rose 2.95% to HK$11.88, with a turnover of HK$27.16 million. On the news front, on June 18th, according to the official WeChat account of JD LOGISTICS, JD LOGISTICS held a ceremony in Riyadh, the capital of Saudi Arabia, to launch its ground delivery business in Saudi Arabia, announcing the introduction of a new self-operated B2C express brand "JoyExpress". After the launch of "JoyExpress", local consumers can not only enjoy door-to-door delivery, cash on delivery, as well as high-efficiency express services such as same-day delivery and next-day delivery after shopping on the e-commerce platform, but also have access to a professional local customer service team that can provide consultation and support at any time. It is introduced that JD LOGISTICS's overseas supply chain service brand "JoyLogistics" has been unveiled before. With the launch of "JoyExpress" in Saudi Arabia, it means that JD LOGISTICS has established a complete logistics network from warehousing to transhipment, sorting, and the "last mile", which can provide customers with express delivery, integrated supply chain, and other full-chain logistics solutions, making it an important step in JD's international strategy. In addition, JD LOGISTICS has deep insights into the Middle East market and has leveraged JD's unique digital supply chain capabilities to set up nearly 10 overseas warehouses in the Middle East, serving hundreds of local brands, Chinese brands going overseas, cross-border e-commerce merchants, and more.