Logistics

Locus plans to use the funds for improving geographical reach as well as building its research and development team to expand its product line.

The firm claims to be the top player in the local shipping and logistics market in terms of daily parcel volume.

Last year, Manbang posted a net loss of USD 531.9 million.

JD.com and its affiliates contributed to more than half of JD Logistics’ 2020 revenue.

The number of active buyers on Pinduoduo has reached 823.8 million.

As the dark horse in China’s hyper competitive courier market, J&T is galloping ahead while bleeding along the way.

A ticker code for GoTo would be a score for IDX.

This is the second JD.com spinoff to list after JD Health raised USD 3.5 billion in December.