SHENZHEN, China, Oct. 24,
2023 /PRNewswire/ -- Jayud Logistics Technology
Co., Ltd (NASDAQ: JYD) ("Jayud" or the "Company"), a leading
end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border
logistics, has finalized an important extension of its First-Mile
Logistics Service Agreement (the "Agreement") with Pinduoduo, a
leading social e-commerce firm headquartered in Shanghai. The contract was officially signed
on August 1, 2023.
Under the terms of the Agreement, Jayud will manage the overseas
logistical operations for Pinduoduo, including markets in America
and Europe. Jayud's comprehensive
services will encompass first-mile collection, domestic export
customs clearance, international transport, and customs services.
The timing is opportune, as Pinduoduo has recently achieved 900
million active buyers and generated over $18.9 billion in revenue. As a vital partner in
cross-border first-mile logistics, Jayud's services will not only
expand Pinduoduo's customer base but also attract more merchants to
their platform. This increased scale will in turn enable merchants
to offer more competitive pricing and customized products.
Xiaogang Geng, Chairman of the
Board and CEO of Jayud, stated, "We are honored to finalize our
contract with Pinduoduo. As Pinduoduo gains global prominence,
Jayud is proud to be a key player in its logistical success.
Recognizing that Pinduoduo skillfully integrates online e-commerce
and offline distribution, particularly in providing affordable and
convenient grocery services, we believe Jayud's global expertise
aligns well with their mission. We look forward to advancing our
shared vision with Pinduoduo."
About Jayud Global Logistics Limited
Jayud Global
Logistics Limited is one of the leading Shenzhen-based end-to-end supply chain
solution providers in China,
focusing on cross-border logistics services. Headquartered in
Shenzhen, the Company benefits
from the unique geographical advantages of providing a high degree
of support for ocean, air, and overland logistics. The Company has
established a global operation nexus featuring logistic facilities
throughout major transportation hubs in China and globally, with footprints in 12
provinces in Mainland China and 16 countries across six continents.
Jayud offers a comprehensive range of cross-border supply chain
solution services, including freight forwarding, supply chain
management, and other value-added services. With its strong service
capabilities and research and development capabilities in
proprietary IT systems, the Company provides customized and
efficient logistics solutions and develops long-standing customer
relationships. For more information, please visit the Company's
website: https://ir.jayud.com.
Forward Looking Statements
Certain statements in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on the Company's current expectations and projections
about future events that the Company believes may affect its
financial condition, results of operations, business strategy, and
financial needs, including the expectation that the Offering will
be successfully completed. Investors can identify these
forward-looking statements by words or phrases such as "may",
"will", "expect", "anticipate", "aim", "estimate", "intend",
"plan", "believe", "is/are likely to", "potential", "continue" or
other similar expressions. The Company undertakes no obligation to
update or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and other filings with the SEC.
For more information, please contact:
Jayud Global Logistics Limited
Investor Relations
Department
Email: ir@jayud.com
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE Jayud Global Logistics Limited