China 's JD.com has said it is going to take on Amazon in Europe and is spending €1bn ($ 1.2bn ) over two years on setting up a logistics network. It will be launching its delivery services and e-commerce platform in UK in three years with plans to expand to the UK and France . It is also setting up its 10bn European research centre, which will focus on AI and big data, in Cambridge in 2019 . This article appeared in the Hong Kong Economic Journal on Feb 6 Translation by Ben Ng [Chinese version 中文版] – Contact us at [email protected] BN/CG Hong Kong Economic Journal JD’s CEO, Richard Liu Qiangdong , has predicted sales of British goods on JD 's platform will surge to £ 10bn in three years , from £ 3bn to £ 4bn last year .
China 's JD.com has said it is going to take on Amazon in Europe and is spending €1bn ($ 1.2bn ) over two years on setting up a logistics network. It will be launching its delivery services and e-commerce platform in UK in three years with plans to expand to the UK and France . It is also setting up its 10bn European research centre, which will focus on AI and big data, in Cambridge in 2019 . JD’s CEO, Richard Liu Qiangdong , has predicted sales of British goods on JD 's platform will surge to £ 10bn in three years , from £ 3bn to £ 4bn last year .