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China's JD.com Plans Move Into Europe (reuters.com)

Posted by ryuzaki0 on from the up-next dept.

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.

14 comments

  1. Wat? by SeaFox · · Score: 1

    "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.

    This quote reads kinda backwards to me. Did he mean perhaps: "...it's no longer just about selling products from China to Germany. I would also like to sell products from inside Europe"? Or maybe he means sell EU-produced good alongside the Chinese ones?

    Or is JD.com some sort of "imported goods" type business that actually sells European products to Chinese consumers normally?

    1. Re: Wat? by Synonymous+Homonym · · Score: 2

      If they were selling products from China in Germany, they would already be in the European market, wouldn't they.

    2. Re:Wat? by ShanghaiBill · · Score: 3, Informative

      JD.com is a Chinese Amazon, although not as big as Alibaba. They sell products from both China and the rest of the world to Chinese consumers. Germany is a huge exporter to China, so sure, plenty of German products are sold to Chinese consumers on JD.com.

    3. Re: Wat? by Anonymous Coward · · Score: 0

      The latter. It's a web shop that sells European products in China.

  2. GINE by hcs_$reboot · · Score: 1

    Germany Is Not Europe, only part of it.

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    1. Re:GINE by GNious · · Score: 2

      Based on various American movies and TV shows, I assume everyone there "knows" that Europe == Paris :)

    2. Re:GINE by Anonymous Coward · · Score: 0

      But it is in Europe.

    3. Re:GINE by hcs_$reboot · · Score: 1

      And Germany != Paris

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    4. Re:GINE by hcs_$reboot · · Score: 1

      Well, depends when...

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  3. Hope they fail by Anonymous Coward · · Score: 0

    Not a single foreign web company has succeeded in China. Some are outright blocked from entering, others tried and failed, Word on the street is decks were stacked against them and they never had a fair shot.

    1. Re:Hope they fail by Anonymous Coward · · Score: 0

      This will not happen. The EU is famous for fucking its own citizens so the globalist elites can make a quick buck (or euro).
      JD.com will find the path wide open in the EU.

      The US has voted a congenital idiot. But somewhere inside that human mass of scum, treachery and villany there is a sentiment that Cina is fucking the US and corrective measures are needed. Donald Tusk and other fat cats of the EU don't give a rat's ass about their citizens. The EU will become the whore of Cina no questions asked. At least the Yanks will fight, no such thing from the EU.