Mar 1, 2022|
JD Allies with Lagardere to Enter into Duty-Free Cooperation with CNSC
by Doris Liu
A joint venture between JD and its French partner Lagardere Travel Retail entered into cooperation with the China National Service Corporation (CNSC), a subsidiary of Sinopharm, on February 28, aiming to build a more convenient and reliable duty-free shopping experience for customers.
CNSC’s duty free business operates across China with full coverage of the duty-free channels of airports, sea ports, downtown and Hainan island. The cooperation will leverage all sides’ advantageous resources to strengthen CNSC’s online and offline duty-free business, cross-border e-commerce and so on. Meanwhile, it will also promote the digital intelligent transformation of the duty-free industry from the traditional business model.
With policies in favor of the cross-border e-commerce being introduced, more and more traditional duty-free companies are seeking digital transformations. Established in Hong Kong and controlled by JD, the joint venture between JD and Lagardere Travel Retail, namely JD Worldwide-Lagardere (HK) Company Limited, will comprehensively expand its duty-free related business, capitalizing on Lagardere’s years of offline experience in traditional travel retail and luxury retail operations, as well as JD’s industry-leading ability of supply chain, retail infrastructure, and omni-channel operation capabilities.