JD boosts Hong Kong presence with $205M investment
JD.com yesterday announced its plan to boost its presence in Hong Kong, initially investing 1.5 billion RMB ($205 million), with no upper limit on long-term investments. This funding will primarily be used for product price subsidies, logistics subsidies, and service optimizations. Additionally, JD.com has launched a door-to-door delivery service for Hong Kong users, offering free shipping for orders over 299 RMB ($41) (up to 10 kg).