Aug 14, 2020|
Photo Gallery: This Week at JD (August 10-August 14)
On August 12, JD.com and 5Star held a press conference to mark JD’s official 100% ownership of the home appliance retail giant. JD completed the acquisition of the remaining 54% of equity in 5STAR combining with the previous 46% stake, this acquisition makes 5Star a wholly-owned subsidiary of JD.com.
Nearly 100 influential entrepreneurs who studied at Cheung Kung Graduate School of Business (CKGSB) joined a livestream at JD, helping sell nationwide agricultural specialties to Chinese consumers. In only one hour, nearly five tons of products were sold. All of the proceeds from the sales will be donated to an institution in Shanghai to help visually impaired people.
On August 11, JD.com officially completed its investment in China’s fourth largest convenience store chain, Xiamen Fook Chain Store Management Limited Company (Fook Convenience Store), representing JD.com’s first investment in the chain convenience store industry.
On August 10th, JD and Gome jointly initiated a purchase plan worth from brands RMB 30 billion yuan, including products such as televisions, refrigerators, washing machines, air conditioners, small home appliances and electronic products. This is the largest purchase of home appliances and electronics products in China this year so far.
On August 10th, Golden Goose launched a flagship store on JD. Customers are now able to buy the brands’ iconic collections such as SUPERSTAR and all others, also nicknamed “little dirty shoes” through the JD store and enjoy JD’s premium delivery service.
On August 13th and 14th, a group of reporters from Handelsblatt, Kyodo News, Yomiuri Shinbun, Nikkei Business Publication and Pan Daily were invited by JD to go to the company’s Central China branch in Wuhan. The group visited JD’s Wuhan Asia No.1 logistics park, JD delivery station and Today, a JD Logistics supported chain convenience store in Wuhan.