Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
China Brands

Chinese e-commerce giant to invest 20 billion yuan in NE China

January 19, 2018


Abstract : Chinese e-commerce giant JD.com plans to invest more than 20 billion yuan (3.1 billion U.S. dollars) in the "rust belt" northeast China over the next three years.

京东

CHANGCHUN, Jan. 19 (Xinhua) -- Chinese e-commerce giant JD.com plans to invest more than 20 billion yuan (3.1 billion U.S. dollars) in the "rust belt" northeast China over the next three years.

The move, which echoes the central government's campaign to revitalize the traditional industrial base, is aimed at upgrading industries, creating jobs and improving creativity, according to the company.

JD.com's businesses in the provinces of Liaoning, Jilin and Heilongjiang will cover a variety of fields, including e-commerce, data services, logistics, finance, medicine, and tourism.

The company said it would continue the construction of an e-commerce operation and settlement center in Jilin, which is expected to create 9,000 jobs.

Liu Qiangdong, JD.com chairman, said he has full confidence in the region's revitalization.

The three provinces have been struggling with growth following the decline of their traditional heavy industries. The central government started rejuvenating the region in 2013, and further efforts were launched in 2016.

The government's plan for the latest round of development is directed towards e-commerce, online finance, logistics and modern agriculture.

Scan the QR code and push it to your mobile phone

Keyword: JD China-brand

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial