Jinbei Automotive Partners with JD.com for Auto Maintenance Shops
MT Newswires Live
Nov 26
Shenyang Jinbei Automotive (SHA:600609) signed a cooperative framework agreement with JD.com (HKG:9618) to boost auto maintenance shops, according to a Shanghai bourse filing on Tuesday.
The Chinese automotive parts manufacturer's shares rose over 2% at the close of Wednesday's trade.
The parties will cooperate in the operation of automobile maintenance shops. The online retailer will also serve as a non-exclusive marketing channel for Jinbei, as well as supply spare parts and services for newly added service shops.
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