JD.com to foster connected vehicle fleets with $55M investment

JD.com,the Chinese answer to Amazon and Alibaba’s long-time rival, is looking to further automate its logistics network after agreeing to pour 376 million yuan (around $55 million) into Jiangsu Xinning Modern Logistics in exchange for up to 10 percent stake.
That’s according to a filing released on Monday by Xinning, a China-listed logistics firm with supply chain services tailored to consumer electronics. The ally appears as a good fit since much of JD’s revenue is driven by b