News Snapshot:
JD.com, China’s second-largest e-commerce services provider, has teamed up with Canadian internet retail giant Shopify to expand their cross-border operations, as online consumer spending on physical goods slowed in the world’s most populous economy. Beijing-based JD.com, controlled by billionaire founder Richard Liu Qiangdong , announced the partnership on Tuesday, the same day it opened an accelerated channel for North American merchants and brands on Shopify to list products through JD Worldwide, the Chinese company’s cross-border e-commerce marketplace. “We believe that the partnership will unlock the huge potential of the Chinese market for brands outside [the country],” said Daniel Tan, president...
