Hong Kong media: JD.com invests 4 billion Hong Kong dollars to acquire a stake in Hong Kong food chain store, ParknShop.

JD is once again launching a silver bullet against Hong Kong. In recent months, it has acquired "Jiabao Food Supermarket," known locally as the "people's supermarket," and it is rumored to have purchased a 70% stake for about 4 billion yuan. According to local media reports citing sources, JD had already signed an agreement to acquire a 70% stake in Jiabao four months ago, with the acquisition price including its retail network and properties. This newspaper had contacted JD for confirmation, and JD replied that all details would be subject to official announcement. It is reported that the transaction details will be announced in August.