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JD.com to invest $3.1 bn to revive industry in NE China
22
Jan '18
JD.com to invest $3.1 bn to revive industry in NE China
To back the government’s campaign to revitalize the traditional industrial base in northeast China, JD.com plans to invest $3.1 billion in the provinces of Liaoning, Jilin and Heilongjiang over the next three years to upgrade industries and create jobs. These provinces have been struggling with growth after the decline of their traditional heavy industries.

The company, also known as Jingdong and formerly called 360buy, will continue the construction of an e-commerce operation and settlement centre in Jilin, which is expected to create 9,000 jobs.

E-commerce giant JD.com's businesses in these provinces cover a variety of fields, including e-commerce, data services, logistics, finance, medicine and tourism, according to a Chinese news agency report.

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

The Chinese Government started rejuvenating the region in 2013, and further efforts were launched in 2016. The government's latest plan is focussed on e-commerce, online finance, logistics and modern agriculture. (DS)

Fibre2Fashion News Desk – India


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