Regional presence: An employee works at a JD.com logistic centre in Langfang, Hebei province. JD.com plans to enter the Thai market later this year and use Thailand as a hub to service other countries in the region such as Vietnam and Malaysia. — Reuters
BANGKOK: China’s JD.com Inc is in advanced talks with Thailand’s Central Group to launch an e-commerce joint venture in Thailand with a planned total investment of US$500mil, people familiar with the matter told Reuters.
The venture will help China’s second largest e-commerce retailer expand its overseas business beyond Indonesia and boost its presence in South-East Asia where rivals Alibaba Group Holding and Amazon are ramping up competition with new services, such as a quick delivery service in Singapore.
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