Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
JD.com, which is also known as Jingdong, is a leading Chinese e-commerce firm based in Beijing. In addition to its online retail platform, it also operates a chain of supermarkets in the country, and now it is expanding further by forming a new grocery unit in response to Alibaba’s introduction of its own spinoffs.
To create a new division focusing on “innovative retail,” JD.com plans to merge its 7Fresh supermarkets and Pinpin group-buying platform. Sources said that on-demand online services will also be added to complete the new grocery arm of the company, which will operate independently.
According to Bloomberg, starting this week, the former chief of JD.com’s international business, Yan Xiaobing, will lead the newly-formed unit. He is expected to report directly to the firm’s chief executive officer, Sandy Ran Xu. The source who provided these details refused to be named as the company has yet to officially announced the restructuring.
After setting up the independent supermarket division, JD.com will promote and establish it as a fresh food and grocery chain that is ready to serve the citizens across China. This project also appears to be part of the e-commerce firm’s aggressive expansion plans to boost sales and market value.
Reuters further reported that this business development comes after JD.com unveiled its 20-year plan earlier this month. It aims to build seven businesses that will be valued at more than 100 billion yuan or around $13.83 billion each.
In any case, JD.com will pit its new supermarket unit with Alibaba’s Freshippo, which may soon be listed. It is already in the process of raising funds for an initial public offering (IPO) as part of its restructuring scheme. Meanwhile, JD.com’s new business will be similar to Freshippo’s unit, which is called Hema in Chinese.
Photo by: JD Corp. Media Resources
