Welcome to our dedicated page for Jayud Global Logistics news (Ticker: JYD), a resource for investors and traders seeking the latest updates and insights on Jayud Global Logistics stock.
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 Limited (Nasdaq: JYD) announced the closure of its initial public offering on April 25, 2023. The company sold 1,250,000 Class A ordinary shares at a price of US$4 per share, generating US$5 million in gross proceeds. Trading for these shares commenced on April 21, 2023. Additionally, underwriters have a 30-day option to purchase up to 187,500 additional shares. The funds raised will support operational cash flow, lease or purchase strategic warehouses, expand charter services, register overseas entities, and explore mergers and acquisitions. The Benchmark Company, LLC served as the sole bookrunner for the offering. A registration statement was filed with the SEC and declared effective.
On April 21, 2023, Jayud Global Logistics Limited announced the pricing of its initial public offering (IPO) of 1,250,000 Class A ordinary shares at a price of US$4 per share. The IPO is expected to yield gross proceeds of US$5 million and the shares will trade on the Nasdaq under the symbol JYD. A 30-day option for underwriters exists to purchase up to an additional 187,500 shares. The closing of the Offering is anticipated on or about April 25, 2023. Proceeds will be allocated to enhance operating cash flow, acquire strategic warehouses, expand chartered services, and fund potential mergers and acquisitions.
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