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July 23, 2018 12:05 am

China's JD.com Plans Move Into Europe

Chinese e-commerce company JD.com plans to expand in Europe and aims to have finalized its strategy for entering the market by the end of the year, its chief executive told a German newspaper. Reuters: China's second largest e-commerce business also wants to open an office in Germany by the end of 2018, the Handelsblatt daily cited Richard Liu as saying. "For me it's no longer just about selling products from Germany in China. I would also like to sell products in Europe," Liu told the paper. "We have just got to clarify the details." Further reading: JD.com is expanding its consumer base with drone delivery and local recruits who can exploit villages' tight-knit social networks to drum up business.

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