Apr. 10, 2024
JD.com Invests One Billion Yuan to Make Foray into Short Video Sector
(AsianFin)—China’s e-commerce giant JD.com is reportedly plan to dole out one billion yuan (US$ 138 million) to enter the short video sector, according to sources familiar with this matter. Senior executives at JD.com have organized several small-scale discussions and reached a consensus to prioritize investment in the short video domain. As of press time, JD.com has not yet responded.
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