China’s JD.com to sell Russian goods to domestic market

JD.comChina’s e-commerce giant JD.com is to begin selling Russian goods in China, its president Victor Xu said last week. Starting with Canoe hats, the goods on offer will initially include food products, furs and handicrafts, either promoted and supplied directly by Russian producers or through re-sell by JD.com itself. “We hope to cooperate with the Russian government and our logistics partners in Russia in order to help Russian producers enter the Chinese market,” he said.
The Russian version of JD.com website was opened in the summer of 2015 and the Chinese company is now looking to develop an online video streaming service aimed at the Russian consumer. Ranked the second largest e-commerce in the world after Amazon in a recent report from Deloittes, JD.com’s global turnover is in the region of $60bn. 

Source: ITAR-TASS