JD.com to take on Amazon in Europe
Feb. 05, 2018 3:35 AM ETJD.com, Inc. (JD)AMZN, JDBy: Yoel Minkoff, SA News Editor23 Comments
- Aiming to be ubiquitous across the continent within "a few years," JD.com (NASDAQ:JD) plans to challenge Amazon (NASDAQ:AMZN) in Europe as early as 2019.
- The company will first launch its e-commerce platform and delivery services in France, then the U.K. and Germany, FT reports.
- Unlike domestic rival Alibaba and U.S. giant Amazon, JD owns and runs its logistics network, which it cites as the reason for its fast deliveries.