JD.Com Announces New Strategic Partnership With Japan-Basaed Kao Group

JD.Com Inc(ADR) JD, one of China's largest eCommerce platforms, announced on Thursday it has entered into an agreement with Japan-based Kao Group, a large Japanese consumer products group. As part of the agreement, JD.Com will open a new Kao Group cross-border flagship store on its recently launched JD Worldwide platform that has expanded to over 40 countries and regions. The new store store will initially feature Kao Group's maternal and children's products and will expand to additional product lines in the future. "We are delighted to launch this cooperation with Kao Group, one of the world's leading consumer products companies," said Carol Fung, President of JD.com's Fast-Moving Consumer Goods (FMCG) Business Unit. "The JD Worldwide platform will provide the safest and most reliable channel for Chinese consumers to purchase premium Kao products, while helping Kao Group to expand its reputation and footprint in the China market." JD.Com's stock showed no trades early Thursday morning.