JD completes acquisition of Hong Kong's ParknShop Supermarket

Recently, JD officially completed the acquisition of Hong Kong Jia Bao Food Supermarket. The two parties will take this opportunity to deepen cooperation, rely on JD's supply chain advantages, promote Jia Bao to improve the expansion of omni-channel business, further enrich the supply of high-quality goods in the retail consumer market in Hong Kong, promote JD's fresh supply chain layout in the Guangdong-Hong Kong-Macao Greater Bay Area, and accelerate the expansion of the local retail market in Hong Kong. At the same time, JD Group officially established the Innovative Retail - Jia Bao business department, and appointed Mr. Lin Xiaoyi, the founder of Hong Kong Jia Bao, as the head of the business department.