J&T Express to acquire China-based Fengwang Express for $170m
J&T Express, a global logistics service provider, has agreed to acquire Shenzhen Fengwang Information Technology (Fengwang Information), the owner of Shenzhen Fengwang Express (Fengwang Express), from Shenzhen Fengwang Holding for RMB 1.183 billion ($170 million). Shenzhen Fengwang Holdings is a subsidiary of Chinese logistics service provider S.F. Holding. J&T Express has been making significant strides […]