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Stock impact report

JD.com launches Joybuy in Europe, targeting Amazon [Yahoo! Finance]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Yahoo! Finance
Netherlands, ?Belgium and Luxembourg, stepping up its push beyond its home market ?and taking aim at market leader Amazon. JD.com wants to internationalise its business and last year agreed ?to buy German electronics retailer Ceconomy, owner of the MediaMarkt and Saturn brands, for 2.2 billion euros ($2.52 billion). The launch comes as Chinese retailers and brands have been expanding abroad in the U.S. and Europe, looking for new growth drivers away ?from the cut-throat competition and ?weak consumer demand they face at home. Joybuy's website and app will sell products across technology, appliances, beauty, homeware, and grocery. Its ?platform will also feature dedicated brand stores including L'Oreal, Braun, DeLonghi, BRITA, and Bodum. JD.com said prices will be "competitive". FAST DELIVERY IS KEY SELLING POINT Fast delivery to shoppers in ?major cities ?will be a key selling point, said ?Matthew Nobbs, Joybuy UK managing ?director, with orders placed by 11 a.m. arrivin Show less Read more
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