Caixin
Nov 07, 2018 05:39 PM
BUSINESS & TECH

Alibaba, JD.com Throw Weight Behind Beijing Import Drive

Ads for Alibaba Group Holding Ltd. are seen at the site of the first Chinese International Import Expo in Shanghai on Monday. Photo: VCG
Ads for Alibaba Group Holding Ltd. are seen at the site of the first Chinese International Import Expo in Shanghai on Monday. Photo: VCG

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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