JD, Fives forge $119m smart logistics deal

Fives Group, a French company specializing in industrial engineering, will supply equipment worth over 100 million euros ($119.28 million) to smarten the logistics of JD, a Chinese online marketplace, in coming years.

On Tuesday, Fives announced the deal as part of its China foray. JD has already introduced Fives' sorting technology at its warehouses in Beijing, Kunshan and Xi'an, thus making them "intelligent".

Similar value-addition will be made to JD warehouses elsewhere, helping the company to become more efficient and cut labor cost.