Alibaba, JD.com Throw Weight Behind Beijing Import Drive
Four of China’s leading e-commerce operators have pledged to facilitate more than 1.5 trillion yuan ($217 billion) in imports over their platforms, seizing on growing consumer preference for such foreign goods as they also heeded Beijing’s call to boost the nation’s imports.
E-commerce leader Alibaba Group Holding Ltd. led the group with the biggest pledge to facilitate $200 billion worth of imports over its various platforms over the next five years. At the same time, No. 2 player JD.com Inc., as well as the smaller Suning.com Co. Ltd. and NetEase Inc., announced smaller deals to import goods from a wide range of foreign companies and markets.
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