News / OOCL launches e-commerce platform joint-venture with JD Logistics

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The latest move in container line vertical integration came from China today, as it was announced that OOCL Logistics’ e-commerce platform, EShipping, will become a joint-venture with JD.com

OOCL majority owner Cosco Shipping has struck up a deal with JD Logistics that will result in a $38m investment in EShipping and the delivery division of JD.com holding a 56% stake.

JD will take also hold a majority on the board, electing three of its five members. Cosco and OOCL subsidiary Gold Talent ...