Suning Commerce to buy Tiantian Express

Suning Commerce to buy Tiantian Express

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.

 

About The Author

Ian Taylor

Ian Taylor is the Editor of Triangle’s Mail & Express Review Magazine and the www.postandparcel.info portal. Ian has been a business journalist for almost 30 years, editing and writing for a wide range of magazines and newspapers with a particular focus on the transport and logistics industries.

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