Chinese Retail Giant JD.com Advances in European Logistics Acquisition Race

  • JD.com considering a bid for parcel delivery company Evri
  • In the second stage of bidding after tabling a non-binding offer last month
  • Other companies involved include InPost and Alibaba Group’s logistics arm, Cainiao
  • Apollo Global Management also through to the second stage
  • Evri’s private equity owner Advent took out £762m dividend two years after acquisition
  • JD.com announced partnership with Evri in January for European brands’ access to China
  • Includes Evri’s local pick-up and warehousing, international transportation, customs clearance, and delivery across China

Chinese online retailer JD.com is reportedly advancing in the bidding process for parcel delivery company Evri, competing against Polish firm InPost and Alibaba Group’s logistics arm Cainiao. Apollo Global Management is also a contender. Evri’s private equity owner Advent took out £762m dividend two years after acquisition. JD.com previously partnered with Evri to offer European brands access to its Chinese consumer base through local pick-up, warehousing in Europe, international transportation, customs clearance, and delivery across China.

Factuality Level: 8
Factuality Justification: The article provides relevant information about JD.com’s potential bid for Evri and includes details about other companies involved in the process. It also mentions the history of Evri’s ownership and previous partnership with JD.com. However, it lacks some specific numbers or exact figures which could make it more accurate.
Noise Level: 3
Noise Justification: The article provides relevant information about a potential acquisition bid by JD.com for Evri and mentions other companies involved in the process. It also briefly explains the history of Evri’s ownership and its partnership with JD.com. However, it lacks in-depth analysis or new insights.
Financial Relevance: Yes
Financial Markets Impacted: JD.com, Evri, InPost, Cainiao, Apollo Global Management, Alibaba Group
Financial Rating Justification: The article discusses potential acquisitions and partnerships between various companies in the e-commerce and logistics industries, which can impact their financial performance and market value.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in this article. It discusses a potential business acquisition and partnership between JD.com and Evri.

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