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Jayud Global Logistics, a leading supply chain provider, received a notification from Nasdaq regarding non-compliance with the minimum stockholders' equity requirement. The company has 45 days to submit a plan to regain compliance or face potential delisting.
Jayud Global Logistics, listed as NASDAQ: JYD, has entered the North American market by acquiring a 51% controlling stake in HYTX Warehouse Inc. This move aligns with the growing e-commerce logistics sector, expected to reach a value of approximately US$788 billion by 2027, with North America surpassing APAC in revenue generation. The acquisition aims to capitalize on the robust global air cargo demand, driven by a thriving international market and booming e-commerce. The partnership with HYTX enhances Jayud's logistics network and service offerings, positioning the company as a leader in the global logistics industry.
