Jointly building China's strongest fresh food supply chain system with JD

Chinese wholesale giant Dili Group gaining 798 million HKD investment

Dili Group, a Hong Kong listed company with a stock index of HK.01387, announced that JD Group has signed an agreement to purchase 478,067,066 shares of the Group, at a total value of HKD 798,372,000. After the completion of the transaction, JD Group will obtain approximately 5.37% of the issued share capital of Dili Group.

China’s online fresh food market still has huge room for growth, and JD Fresh will continue to further optimize cost and efficiency in areas where users are most concerned about, such as product selection, quality, logistics, and after-sales services, said JD Fresh to the press. The groups aims at leading the online fresh food industry towards high-quality by continuously improving the quality of products, services and user experience. Dili Group, with strong a hold in brick and mortar trading that links production and sales, as well as owning production bases, stated that the two groups will jointly build China's strongest fresh food supply chain system.

The two parties will strengthen the integration of resources in fresh food distribution, supply, upstream and downstream of the industrial chain, and build a modern supply chain and distribution service platform through modern and digital technologies to digitalize the entire distribution industry chain. This will allow full traceability and guarantee food safety, while solving long-standing social problems such as the difficulty growers have selling agricultural products and the low prices they obtain. At the same time these products are currently expensive for urban consumers and food safety is not guaranteed.

Source: East Money Information, iFeng.com


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