JD LOGISTICS (02618) announced that on October 8, 2025, the company (as purchaser) entered into a business transfer agreement with JD.com (as seller), whereby the group agreed to acquire and JD.com agreed to transfer the target business for a total consideration of approximately $270 million.

The target business includes JD.com's wholly-owned subsidiaries engaged in local instant delivery services, namely Da Jiang and Da Sheng. With the new development of JD.com's local instant delivery service business, the group has recruited full-time riders to participate in these delivery services.

Given the performance of the target business over the past few months, the company believes the target business has commercial potential and opportunities for further business expansion. Therefore, after careful consideration of the following factors, the board of directors decided to acquire the target business from JD.com:

(i) The acquisition will expand the group's solution and service portfolio, complementing its existing product matrix and business landscape. Meanwhile, the acquisition will help the group consolidate product competitiveness, explore new business opportunities, and drive business growth.

(ii) The acquisition is also expected to strengthen the group's "last mile" delivery capabilities. With the integration of the target business, the group's "last mile" delivery capabilities will become more extensive and comprehensive, enabling the group to better integrate resources to enhance its fulfillment capabilities, operational efficiency, and user experience.

(iii) The acquisition aligns with the group's overall strategy of pursuing sustainable growth and profitability. Therefore, the board believes the acquisition will benefit the group's overall development, representing an important step toward achieving the group's strategy of creating greater value, and will further consolidate its industry leadership position.