China’s JD.com is keen to link with Saudis
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With the Middle East in its sights, China’s JD.com is keen to team up with the Saudi government.
“We want to have a partnership with the Saudi government,” says the e-commerce company’s international business president Winston Cheng.
He describes Vision 2030, Saudi Arabia’s economic reform plan aimed at boosting private-sector growth and developing non-oil industries, as an incredible opportunity.
“This region is the next new frontier,” says Cheng. “We’re looking to move very fast.”
Questions & Answers
Q.Which specific economic reform plan in Saudi Arabia interests JD.com?
Which specific economic reform plan in Saudi Arabia interests JD.com?
JD.com is interested in Saudi Arabia's Vision 2030. This plan aims to boost private-sector growth and develop non-oil industries within the kingdom.
Q.Who stated JD.com's desire to partner with the Saudi government?
Who stated JD.com's desire to partner with the Saudi government?
Winston Cheng, the e-commerce company's international business president, stated their desire for a partnership. He also referred to the Middle East as the next new frontier.
Q.What is JD.com's general timeframe for expanding into this region?
What is JD.com's general timeframe for expanding into this region?
JD.com is looking to move very fast with its expansion into this region. They view the Middle East as a significant new opportunity for their business.
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