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Suning Commerce to buy Tiantian Express

Friday, January 6th, 2017

Retailer Suning Commerce plans to buy Hangzhou-based Tiantian Express in a deal worth around 4.25bn yuan ($612m).

According to the China Daily, Jiangsu Suning Logistics Co Ltd (Suning’s logistics affiliate) agreed on 30 December to buy initially 70% of Tiantian Express for 2.975bn yuan, and to buy the remaining 30% of the company for 1.275bn yuan within the next 12 months.


Source: China Daily

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Suning Commerce to buy Tiantian Express

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Direct Link specialises in international cross border distribution and returns of e-commerce packages worldwide. Parent company PostNord (the merged Swedish and Danish Post Offices) supports Direct Link with IT expertise, postal connections and international logistics solutions, across the Nordic countries and intercontinentally.


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