JD.com Partnering with Saudi Government

    Author Stephanie TamPosted on Categories Online Media, TechTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
    JD.com Partnering with Saudi Government

    JD.com Partnering with Saudi Government. JD.com Inc. (NASDAQ:$JD), China’s second-largest e-commerce firm, plans to enter the Middle East Market through partnering up with the Saudi government.

    Saudi Arabia’s “Vision 2030” economic reform plan is targeted at boosting the private-sector and developing non-oil industries. Winston Cheng, president of the firm’s international business, commented on the plan regarding it as “an incredible opportunity”.

    Earlier this year the U.S. e-commerce firm Amazon.com purchased the Middle Eastern online retailer Souq.com.

    Similarly, Chinese e-commerce peer Alibaba Group Holding Ltd’s cloud-computing subsidiary Aliyun has established a partnership with Dubai’s state-owned Meraas Group.

    JD.com’s Cheng hopes to move in fast, as he foresees the potential partnership with the Saudi Government to be “the new next frontier”.  

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    Author Stephanie Tam
    About the author: Stephanie graduated with a BA in Communications from Trinity Western University in 2015. As well as writing financial content, Stephanie works as a freelance communication contract writer.