Jayud Global shares jump 12.40% intraday after 3-year logistics partnership with DBG subsidiary Guangdong Electronics.

Jayud Global Logistics (NASDAQ: JYD) rose 12.40% intraday following the announcement of a three-year partnership with Guanghong Electronics, a subsidiary of DBG Technology. The agreement, covering logistics and transportation services including land and air freight from China to Hong Kong and customs processing, supports Guanghong Electronics' expansion into Hong Kong, India, and Vietnam. DBG Technology, a major EMS provider serving Huawei, Xiaomi, and automotive giants like BMW and Volkswagen, reported 2024 revenue of $982 million. The deal leverages Jayud’s cross-border logistics network, reinforcing its role in global supply chains and signaling growth potential.