BUSINESS

JD.com Goes Supermarket Shopping in Hong Kong with Kai Bo Deal

Published: Aug. 16, 2025 1:53 a.m. GMT+8

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The acquisition is a significant step in JD.com’s broader strategy to reinforce its logistics and fresh-food networks in the Greater Bay Area

JD.com Inc. has completed its acquisition of Hong Kong grocery chain Kai Bo Food Supermarket, marking the e-commerce giant’s formal entry into the city’s brick-and-mortar retail sector.

The Beijing-based company announced the deal’s completion on Friday, saying the move will allow Kai Bo to tap into JD.com’s robust supply chain to expand its omni-channel operations. In turn, JD.com will gain a stronger foothold in the Greater Bay Area’s fresh food supply chain.

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JD.com completed its acquisition of Hong Kong's Kai Bo Food Supermarket, gaining over 90 stores and 1,000 employees for about HK$40 billion ($5.1 billion).
The deal expands JD.com’s presence in Hong Kong’s fresh food supply chain, reinforcing logistics and omni-channel retail in the Greater Bay Area, despite weak overall retail sales.
JD.com also announced plans to acquire Germany’s Ceconomy and operates warehouses in 23 countries; the Kai Bo deal boosted Hong Kong retail stocks.

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Who’s Who

JD.com Inc.: JD.com Inc. has acquired Hong Kong's Kai Bo Food Supermarket, marking its formal entry into the city's brick-and-mortar retail sector. This acquisition allows Kai Bo to leverage JD.com's supply chain and strengthens JD.com's presence in the Greater Bay Area's fresh food market. The deal, part of JD.com's strategy to reinforce logistics and fresh-food networks, comes amid a challenging retail market in Hong Kong.

Kai Bo Food Supermarket: Kai Bo Food Supermarket is a Hong Kong grocery chain founded in 1991, operating over 90 locations and employing more than 1,000 people. Known for competitive pricing on frozen meats, seafood, groceries, and fresh produce, it was recently acquired by JD.com Inc., marking the e-commerce giant's entry into Hong Kong's brick-and-mortar retail sector.

Qian Dama: Qian Dama is a fresh-food chain that entered Hong Kong in 2018 and has since expanded to 67 stores. It is backed by JD.com through its affiliate, GenBridge Capital, indicating JD.com's existing presence in the Hong Kong market before the acquisition of Kai Bo.

GenBridge Capital: GenBridge Capital is an affiliate of JD.com. It backs Qian Dama, a fresh-food chain that operates 67 stores in Hong Kong since entering the market in 2018.

Ceconomy: Ceconomy is the German parent company of consumer electronics retailers MediaMarkt and Saturn. JD.com announced on July 31 that it would acquire Ceconomy as part of its overseas growth strategy, prioritizing local partnerships in its retail expansion.

MediaMarkt: MediaMarkt is a consumer electronics retailer. Its German parent company, Ceconomy, was set to be acquired by JD.com on July 31, according to the article. This acquisition is part of JD.com's strategy for overseas growth and local partnerships.

Saturn: On July 31, JD.com announced its intent to acquire Saturn's German parent company, Ceconomy. This move aligns with JD.com's strategy for international expansion and local partnerships, following similar acquisitions and investments in the Greater Bay Area and Hong Kong.

CEC International Holdings Ltd.: CEC International Holdings Ltd. operates the 759 Store chain. Following the news of JD.com's acquisition of Kai Bo Food Supermarket, CEC International Holdings Ltd.'s stock saw a significant increase, rising by 19.35%. This indicates a positive market reaction to JD.com's expansion into Hong Kong's retail sector.

759 Store: 759 Store is a retail chain operated by CEC International Holdings Ltd. The company's stock rose by 19.35% following news of JD.com's acquisition of Kai Bo Food Supermarket, indicating a positive market reaction to the ongoing consolidation in Hong Kong's retail sector.

International Housewares Retail Co. Ltd.: International Housewares Retail Co. Ltd. operates Japan Home Centre. Following the news of JD.com's acquisition of Kai Bo Food Supermarket, the company's stock, listed in Hong Kong, saw a gain of 1.16%.

Japan Home Centre: Japan Home Centre is a retail company based in Hong Kong. Its operator, International Housewares Retail Co. Ltd., saw its stock gain 1.16% following news of JD.com's acquisition of Kai Bo Food Supermarket.

AI generated, for reference only