Jayud Global Logistics Partners With Leading Southeast Asian E-commerce Provider Lazbao Group

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 a Strategic Cooperation Agreement (the "Agreement") with Lazbao Group ("Lazbao"), a leading full-service e-commerce logistics service provider in Southeast Asia.

The Agreement aims to establish future chartered air services from Jayud across Lazbao's existing service areas in Southeast Asia. According to eMarketer, a market research company that provides insights and trends related to digital marketing, media, and commerce, the Southeast Asian market was the fastest-growing e-commerce market (20.6%) in the world in 2022.