Rumors are swirling, and sources indicate a candid glimpse of JD.com’s founder, spotted engaging in some very public, and potentially image-boosting, actions.
According to a recent social media post, the founder, reportedly while staying at a luxury hotel, ordered takeout and, in a move generating buzz, tipped the delivery driver a substantial sum – reportedly $1,000 – while posing for photographs.
Images circulating online show the executive cheerfully embracing a delivery worker, clad in the uniform of a delivery platform.
The delivery service is provided by a major local delivery platform. The platform was formed in 2014 but has since undergone significant changes.
In 2016, it merged with JD Group’s O2O subsidiary and was renamed.
This entity went public on the Nasdaq in June 2020.
Yet, the company itself is undergoing a transformation of its own. The company recently announced the completion of its privatization deal.
The deal sees the firm becoming a wholly-owned subsidiary of JD Group. Consequently, the platform’s shares are set to be delisted from the Nasdaq.
This privatization followed a February offer from JD Group to acquire all outstanding shares.
The acquisition priced the platform at a valuation of approximately $520 million.
This follows recent announcements by JD.com, including the launch of a food delivery service integrated into its main platform and backed by the resources of its instant delivery network.
Recent reports indicate the food delivery venture is processing over 25 million orders per day, with over 1.5 million restaurants onboard, and a delivery staff of over 120,000.
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