JD Logistics, a logistics and supply chain spin-off from online retailer JD, has acquired rival courier Deppon Express, Chinese local media outlet Xinyan Finance reported on Tuesday. Screenshots of an internal announcement show that Cui Weixing, chairman and general manager of Deppon Express, announced the news internally on Feb. 28, according to the report. The story adds that JD will take over the company after Cui’s exit. The news comes two months after a similar acquisition rumor surfaced in January of this year, which Deppon denied at the time. This could be the second deal that JD has sealed in the logistics services industry this year, in addition to a $546 million share in on-demand courier Dada Nexus that was announced on Feb. 28. After a fierce price war, China’s express and logistics industry is now undergoing a market consolidation whereby small players have begun merging with giant competitors. [Xinyan Finance]