21 November 2019 - 24 Heshvan 5780 - כ"ד חשון ה' אלפים תש"פ
JD.com eying Israel E-mail

The management team of Chinese online shopping giant JD.com visited Israel in November, headed by Terry Song, the company’s strategic investment director. This was Song’s first visit to the country, where the company is looking for investment and strategic co-operation opportunities.

JD.com is China’s secondlargest online shopping company after Alibaba, with a 25% share of the Chinese market and over 300 million active users. The company operates from Beijing. Its shareholders include Google’s parent company Alphabet, Walmart and Tencent Holdings. It makes dozens of acquisitions and strategic partnerships each year involving companies in spheres such as travel sharing, secondhand bulletin boards and cloud computing.

According to Globes, a senior delegation from JD.com visited Israel more than a year ago, however the company has not yet made any direct investments in Israeli technologies.

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