Chinese retailer JD is pumping $55m into connected vehicles

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Chinese retail giant JD is pumping $55 million into connected vehicle fleets to further boost its leadership in logistics automation.

JD is the world’s leading company in high-tech and AI delivery through drones, autonomous technology, and robots. The firm possesses the largest drone delivery system, infrastructure, and capability in the world.

According to a filing posted by Jiangsu Xinning Modern Logistics, JD has agreed to invest 376 million yuan (approx. $55 million) into the company in return for an up to 10 percent stake.

A separate filing reveals JD Logistics

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