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Jayud Global Logistics Limited (NASDAQ: JYD) is a leading end-to-end supply chain solution provider based in Shenzhen, China, specializing in cross-border logistics services. The company operates in various logistics fields, including freight forwarding, supply chain management, and other value-added services. Headquartered in Shenzhen, Jayud leverages its strategic geographical position to support logistics via ocean, air, and overland routes extensively.
Jayud has established a robust global operational network, with facilities across major transportation hubs in China and numerous international locations. The company has footprints in 12 provinces in Mainland China and 16 countries across six continents. Through its advanced proprietary IT systems and strong R&D capabilities, Jayud provides customized, efficient logistics solutions, strengthening long-term customer relationships.
Recently, Jayud announced a significant extension of its Logistics Service Agreement with Lenovo PC HK Limited, enhancing its provision of post-sale logistics services. Jayud's partnership with Lenovo, a global leader in technology and supply chain efficiency, has been pivotal since its inception in November 2017. The renewed agreement underscores Jayud's role in managing service parts logistics and global support for Lenovo.
In another major development, Jayud finalized an extension of its First-Mile Logistics Service Agreement with Pinduoduo, a leading social e-commerce firm in China. Under this agreement, Jayud manages Pinduoduo's overseas logistical operations, including markets in America and Europe. This partnership is crucial as it supports Pinduoduo's global expansion and enhances its service offerings.
Furthermore, Jayud partnered with Shandong Oranda Logistics Co., Ltd. to enhance both companies' capabilities in sea, air, and land transportation through shared resources and expertise. This partnership aligns with Jayud’s vision to expand its global footprint and bolster its service offerings.
Jayud's commitment to expanding its capabilities is also evident from its new air charter service agreement with Jiangsu Jingdong Cargo Airlines. This agreement aims to establish a new charter service on the Shenzhen-to-Clark, Philippines route, significantly boosting cargo capacity between China and the Philippines.
Additionally, Jayud's strategic acquisition of 51% stakes in Qingdao Oranda Supply Chain Management Co., Ltd. and Shenzhen Jiniu International Logistics Co., Ltd. highlights its approach to growth through acquisitions. These acquisitions enhance Jayud's market position, client base, service offerings, and geographic footprint, reinforcing its role as a global logistics leader.
For more information, please visit the Company's website: https://ir.jayud.com.
Jayud Global Logistics (NASDAQ: JYD) has announced strategic acquisitions in the United States, including a 20% stake in a 70,000 sq.ft. warehouse in Rialto, California, a 49% stake in a 50,000 sq.ft. warehouse in Chino, California, and a 10% stake in LD Global Logistics Inc., a licensed customs broker in Georgia. The company issued 3,365,588 Class A ordinary shares as consideration for these acquisitions. These investments aim to expand Jayud's operational footprint in the U.S. and enhance its comprehensive logistics services, particularly in key trade corridors and the southeastern United States.
Jayud Global Logistics (NASDAQ: JYD) has announced a strategic partnership with iMile, a leader in logistics and last mile delivery services for emerging markets in the Middle East. This collaboration aims to provide comprehensive supply chain solutions for iMile across China, including air, sea, land, and customs services.
The partnership is positioned to capitalize on the rapidly expanding e-commerce market in the Middle East and North Africa (MENA) region, which is expected to nearly double by 2028 with a CAGR of 11.5%. The UAE's e-commerce revenue is projected to reach US$11,782.3 million in 2023, while Saudi Arabia's is expected to grow from US$8.53 billion in 2022 to US$20.01 billion by 2027.
Jayud will manage all logistical aspects of iMile's operations within China, aiming to enhance operational efficiency and reduce delivery times for Middle Eastern clients engaging with Chinese markets.
Jayud Global Logistics (NASDAQ: JYD) has announced a Strategic Cooperation Agreement with Lazbao Group, a leading e-commerce logistics provider in Southeast Asia. The partnership aims to establish chartered air services from Jayud across Lazbao's service areas in Southeast Asia, which was the fastest-growing e-commerce market (20.6%) globally in 2022.
Lazbao will utilize Jayud's Longgang e-Commerce Operation Center, which handles products under customs supervision codes suitable for small cross-border packets used by major e-commerce platforms. This collaboration is expected to expand Jayud's air service network in Southeast Asia and reduce operating costs due to more stable order flow from Lazbao's platform.
Jayud Global Logistics, a prominent supply chain solution provider in Shenzhen, announced the receipt of a notification from Nasdaq on June 6, 2024, regarding its non-compliance with the minimum bid price requirement. The company's stock closed below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 per share, and failure to meet this for 30 days results in a deficiency notice.
Jayud has until December 3, 2024, to meet the minimum bid price requirement. Until then, its shares will continue trading on Nasdaq under the ticker 'JYD.' If the bid price reaches or exceeds $1.00 for 10 consecutive days before December 3, Nasdaq will confirm compliance. If compliance is not met, Jayud may qualify for an additional compliance period, provided other listing requirements are met.
Jayud Global Logistics announced that its Longgang e-Commerce Operation Center, in collaboration with Shenzhen Kuaiyou Tech, received official certification from China Customs. Since February 2024, the Center processes approximately 15 containers daily, increasing to 50 containers in April and projected to reach 60-70 containers by the end of May. The long-term goal is 200 containers daily. This certification enhances Jayud’s logistics capabilities, allowing efficient small parcel exports under customs code 9610, benefiting major e-commerce platforms like Temu, Shein, and TikTok. Jayud’s collaboration with Shenzhen Airport Customs and Shenzhen Pinghu South Sino-Europe Railway aims to streamline the exporting process, further supporting global e-commerce markets.
Jayud Global Logistics, a leading supply chain provider, received a notification from Nasdaq regarding non-compliance with the minimum stockholders' equity requirement. The company has 45 days to submit a plan to regain compliance or face potential delisting.
Jayud Global Logistics, listed as NASDAQ: JYD, has entered the North American market by acquiring a 51% controlling stake in HYTX Warehouse Inc. This move aligns with the growing e-commerce logistics sector, expected to reach a value of approximately US$788 billion by 2027, with North America surpassing APAC in revenue generation. The acquisition aims to capitalize on the robust global air cargo demand, driven by a thriving international market and booming e-commerce. The partnership with HYTX enhances Jayud's logistics network and service offerings, positioning the company as a leader in the global logistics industry.
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