Retail

China JD.com plans to boost investment overseas in challenge to Amazon

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GUANGZHOU, China — JD.com plans to increase investment overseas, one of its top executives told CNBC, as Chinese e-commerce giants look to tap international users.

The technology giant has been less aggressive than its rival Alibaba in expanding its presence overseas. But international expansion from both Chinese firms could challenge the e-commerce dominance of Amazon in certain parts of the world

Over the coming years, JD.com will “increase investment in countries that conform to JD’s strategies, no matter if it is on warehousing, logistics or supply chain,” Xin Lijun, the newly-appointed chief executive of JD’s retail business said in Mandarin, according to a CNBC translation.

Xin said…



Source cnbc.com

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