Jayud Global (NASDAQ: JYD) Logistics acquires controlling stake in Longgang logistics center

Jayud Global Logistics Limited (NASDAQ: JYD) announced it acquired a 52% controlling ownership stake in the Longgang Cross-Border E-Commerce Center, increasing from a previous minority position. The transaction gives Jayud majority control over operations at the Shenzhen-based facility.

The Longgang Cross-Border E-Commerce Center provides warehousing, customs clearance, freight forwarding, and digital supply chain management services in Shenzhen’s Longgang District. The facility handled 13,978 full-size containers in 2024 with a total export value of $4.6 billion, representing 83,000 tons of cargo and 270 million parcels processed.

As of September 30, 2025, the center processed 6,863 full-size containers with a cumulative export value of $2.45 billion, totaling 44,129 tons of goods and 46.91 million parcels.

“Acquiring a controlling interest in the Longgang Cross-Border E-Commerce Center represents a pivotal step in consolidating our leadership in Shenzhen’s vibrant logistics landscape,” said Xiaogang Geng, Chairman and Chief Executive Officer of Jayud Global Logistics Limited.

According to the Shenzhen Municipal Government, the city’s cross-border e-commerce imports and exports reached 372 billion RMB in 2024, ranking first in China for the third consecutive year. Shenzhen hosts over 150,000 cross-border e-commerce export enterprises and has attracted 80% of the world’s top 20 cross-border e-commerce platforms to establish operations in the city.