JD.COM Parent Will Open Over 1 Million Convenience Stores in the Next Five Years, CEO Says
Yicai Global
/SOURCE : Yicai
JD.COM Parent Will Open Over 1 Million Convenience Stores in the Next Five Years, CEO Says

(Yicai Global) April 11 -- Jingdong Group, the parent company of leading Chinese e-commerce company JD.com Inc. [NASDAQ:JD], will launch more than one million convenience stores across China in the next five years, Jingdong Chief Executive Liu Qiangdong said.

Half of the stores will be in rural areas and there will be at least one store in every village, he said yesterday on his personal Toutiao news app account. The move marks the third offline cooperation project introduced by the company after the '10,000 home appliance stores' initiative.

Jingdong Group also has an online-to-offline project in the pipeline, but it needs to be kept secret for now, Liu said.

 

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Keywords: Business , JD.com , TECHNOLOGY , E-COMMERCE