Source: China – South China Morning PostChinese e-commerce giant JD.com, owned by billionaire Richard Liu Qiangdong, is on track to become the country’s first e-commerce player with its own air cargo fleet.The East China bureau of the Civil Aviation Administration of China (CAAC), the authority in charge of civil flights, has given preliminary approval for the establishment of Jiangsu Jingdong, according to an announcement by the authority on Tuesday.The air cargo unit will be a joint venture between the e-commerce giant and Nantong…Read More