JD.com to Invest More Overseas and Further Evaluate European and Vietnamese Markets
It is reported by CNBC on Thursday that Xin Lijun, CEO of JD Retail at JD.com, said the company would increase its overseas investment and is now seeking to expand its international users.
Compared with rival Alibaba Group, JD.com is less active in terms of overseas expansion. However, the combined international expansion of Alibaba and JD.com may challenge U.S. platform Amazon’s dominant position within various e-commerce markets.
“In the next few years, JD.com will increase investment in countries that meet JD.com’s strategy, whether in warehousing, logistics or supply chain,” Xin Lijun said.
He also said that JD.com is conducting further strategic analysis on potential expansion into Europe and Vietnam.
According to public information, as of the first half of this year, JD.com has made arrangements in 50 bonded or overseas warehouses globally. It now has warehouses in the U.S., the U.K., Germany, Poland, the Netherlands and other countries and regions. In addition, its international logistics cover more than 100 countries and regions, and is available through marine, land and air transportation routes.
JD.com now opens charter freight routes between China and Thailand, China and the U.K., and China and the U.S., and the international supply chain network reaches more than 220 countries and regions around the world.