Benzinga | Jul 27, 2021 11:13AM EDT

Nisun International Announces Partnership With JD.com To 'Jointly Develop Supply Chain Services for E-Commerce Business;' Terms Not Disclosed

Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (NASDAQ:NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced that Fanlunke Supply Chain Management (Shanghai) Co., Ltd, a controlled affiliate of the Company, has signed a partnership agreement with Beijing Jingdong Century Information Technology Co., Ltd ("JD"), a subsidiary of JD.com, China's leading technology driven e-commerce company transforming to become a leading supply chain based technology and service provider. Under this agreement, the two groups will enter a joint cooperation to develop supply chain services targeting the e-commerce industry.

Beijing Jingdong Century Information Technology Co., Ltd is wholly-owned by Beijing Jingdong Century Trading Co., Ltd and a subsidiary of JD.com. Under this cooperation, the two groups will lean on their respective logistics networks, supply chain resources, and technologies, to complement each other's advantages and collaborate to develop integrated supply chain solutions targeting the e-commerce industry, deploying JD's e-commerce platform and prioritizing customer experience. Through this cooperation, Nisun will further integrate the upstream and downstream of supply chain logistics and improve efficiency to provide comprehensive products and sales solutions.

"This partnership with China's e-commerce giant marks another important step for Nisun in the deployment of our long-term growth strategy while providing an opportunity for us to expand our presence in the e-commerce field," said Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International. "In addition, making use of JD's advantages in traffic, logistics, and warehousing, Nisun can accelerate its growth in the supply chain industry while improving its capacity and efficiency in supply chain management. This partnership will allow us to improve product and service offerings and remain focused on our goals to meet customer demands while creating value for shareholders."