Jayud Global Logistics Limited Class A (JYD) has released an update.
Jayud Global Logistics Limited has announced its expansion into the North American market by acquiring a 51% stake in HYTX Warehouse Inc., aiming to leverage the booming e-commerce logistics sector, which is expected to grow over 10% annually. The move comes as e-commerce logistics in North America has become the top revenue generator, and the acquisition will enhance Jayud’s global logistics network and service offerings. HYTX brings over 20 years of logistics technology experience and will be integrated into Jayud’s operations, improving efficiency and expanding services such as drop shipping and last-mile delivery.
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