Jayud Logistics Technology Co. Ltd. has finalized an important extension of its First-Mile Logistics Service Agreement with Pinduoduo. The contract was officially signed on August 1, 2023.

Under the terms of the Agreement, Jayud will manage the overseas logistical operations for Pinduoduo, including markets in America and Europe. Jayud's comprehensive services will encompass first-mile collection, domestic export customs clearance, international transport, and customs services. The timing is opportune, as Pinduoduo has recently achieved 900 million active buyers and generated over $18.9 billion in revenue.

As a vital partner in cross-border first-mile logistics, Jayud's services will not only expand Pinduoduo's customer base but also attract more merchants to their platform. This increased scale will in turn enable merchants to offer more competitive pricing and customized products.