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Jayud Global Logistics Limited (NASDAQ:JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced that its cross-border e-commerce logistics hub within the Ezhou Huahu Airport Economic Zone has become operational and started processing customer orders this week. This milestone marks the activation of the Company's investment agreement with the Ezhou Huahu Airport Economic Zone Management Committee for the development of a state-of-the-art e-commerce logistics operation.
Under the agreement, Jayud will establish a wholly foreign-owned subsidiary in the Ezhou Huahu Airport Economic Zone and establish partnerships with a minimum of 2 logistics enterprises and 15 cross-border e-commerce companies. The strategic location provides Jayud with enhanced capabilities to serve the rapidly growing cross-border e-commerce market, with performance targets including annual cross-border trade volume exceeding US$70 million.
The newly launched facility establishes Jayud as a key logistics operator in one of China's most strategically important aviation logistics hubs, leveraging the unique advantages of Ezhou Huahu Airport's position as a major air cargo gateway, which is already a major air cargo hub for SF Airlines. The cross-border e-commerce project features advanced logistics facilities, bonded warehouse operations, and fully integrated supply chain services, all designed to support the growing demand for international e-commerce logistics solutions.
The agreement provides comprehensive government support and incentives designed to accelerate the development of Jayud's cross-border e-commerce operations, including policy support, assistance with business registration and project approvals, optimization of the business environment, and facilitation of connections with potential logistics and e-commerce partners. And reserved space at Ezhou Huahu Airport's bonded logistics center for future expansion. Upon achieving specified performance milestones, Jayud will be eligible for industrial development subsidies, further enhancing the project's economic benefits.
Posted In: JYD
