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Richard Liu: JD-SW's Int'l Biz Won't Follow Cross-Border E-Commerce Model; European Infrastructure Largely Complete
Richard Liu, Chairman of JD-SW (09618.HK), stated that the group's international business won't adopt the cross-border e-commerce model as it is unsustainable in the long r...
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Richard Liu: JD-SW's Int'l Biz Won't Follow Cross-Border E-Commerce Model; European Infrastructure Largely Complete
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Richard Liu, Chairman of JD-SW (09618.HK)  -5.500 (-4.250%)    Short selling $294.34M; Ratio 25.296%   , stated that the group's international business won't adopt the cross-border e-commerce model as it is unsustainable in the long run. Besides, cross-border e-commerce can only sell cheap goods, which seriously damages the country's image.

JD-SW's international strategy is to operate as a local e-commerce business with local teams, Liu emphasized. Having hired over 2,000 employees, the group sources and ships goods locally and only sells branded products.

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Liu also mentioned that JD-SW has largely completed its infrastructure in Europe after cultivating the European market for three years.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 12:25.)

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