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JD-SW Planning to Launch 6 New Innovative Projects, Says Richard Liu
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Richard Liu, founder of JD-SW (09618.HK), spoke at a recent sharing event about the company's shortcomings over the past five years, Chinese media reported. During his sharing, Liu also revealed JD-SW's latest strategies and plans for the future, saying that there are currently six innovative businesses underway, with another six innovative projects expected to be launched. Liu described the past five years as JD-SW's lost years without innovation, growth, and progress. However, the company will launch at least one innovative business every year going forward, and there are already six innovative businesses in progress, including one involving stablecoins. Discussing JD-SW's foray into the food delivery market, Liu stated that the company has always eyed on supply chain operations. He described the perceived competition with MEITUAN-W (03690.HK) in food delivery as fundamentally about supply chain dynamics, saying that he can afford to never make money on front-end food sales, while making profit through the supply chain. He revealed that JD-SW has recruited over 120,000 full-time delivery riders since entering the food delivery sector, with 3,000-4,000 new hires daily. Liu also hinted at a new project to be unveiled in a month. AAStocks Financial News |
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