Nov. 25 at 2:59 PM
Jayud Global Logistics acquired a controlling 52% stake in the Longgang Cross-Border E-Commerce Center, upgrading its previous minority position. The deal allows the Shenzhen-based supply-chain provider to lead operations and expansion of the Center, a key hub for cross-border e-commerce logistics in Shenzhen’s Longgang District.
The Center combines warehousing, customs clearance, freight transport, and digital supply-chain management. Jayud plans tech upgrades for real-time tracking, stronger bonded-warehouse capabilities, and new international partnerships as part of its strategic expansion.
CEO Xiaogang Geng said the acquisition is a pivotal step in strengthening Jayud’s leadership in Shenzhen’s logistics landscape and scaling operations to meet rising demand. The Center processed 13,978 full containers worth
$4.6 billion in 2024, totaling 83,000 tons and 270 million packages.
$JYD