Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

ReTo Eco-Solutions, Inc. and JD.com Partner in Sustainable Building Push

Share:

JD.com, China's largest retailer, and ReTo Eco-Solutions (NASDAQ:RETO)
("ReTo" or the "Company"), a leading provider of comprehensive
eco-solutions and one of China's largest manufacturer of environmentally
friendly construction materials, are paving the way for more sustainable
development in the country. The Partnership announced today comes as the
sustainability movement has been picking up steam in China in the last
few years, and consumers are increasingly looking for ways to reduce
their carbon footprints. Through the purchase of products such as ReTo's
signature eco-friendly paving tiles, businesses and individual customers
on JD's e-commerce platform will be able to minimize carbon emissions
and ensure that their buildings are energy efficient.

JD and ReTo will collaborate on a range of strategic initiatives,
including eco-friendly construction materials, eco-towns, and smart
cities, among others. Working with the China Academy of Building
Research, the two companies also committed to establishing a joint
research program to develop and promote eco-friendly products and
technologies in family eco-system.

"We could not have a better partner than JD in our ambition to ensure
that the buildings of the future are more sustainable," said Hengfang
Li, Chairman and CEO of ReTo. "Access to JD's vast user base of over 300
million customers means we can bring our eco-friendly innovations to
more people than ever before. Tapping into JD's advanced capabilities in
AI and robotics will help further our development of ecofriendly
building innovations."

"Our research shows that customers are increasingly looking for ways to
decrease their carbon footprint and to live more sustainable lives,"
said Lijun Xin, President of JD Home and Life. "This new partnership
with ReTo, China's definitive leader in environmentally friendly
manufacturing, allows JD to add significantly to our selection of
sustainable products and to further our overall sustainability goals."

JD has been increasing the range sustainable products available on its
platform. Last year, the total volume of green products available on JD
increased by over 54% and the total volume of green purchases made on JD
increased by 71%, contributing to 15% of total sales on the platform
during the same period. In addition, JD has been consistently reducing
its own operations' impact on the environment, initiating a companywide
switch to electric logistics vehicles earlier in the year, among a host
of other initiatives.

About Reto Eco-Solutions, Inc.

Founded in 1999 and headquartered in Beijing, ReTo is a manufacturer and
distributor of eco-friendly construction materials (aggregates, bricks,
pavers and tiles), made from mining waste (iron tailings) and fly-ash,
as well as equipment used for the production of these eco-friendly
construction materials. The Company also provides a full range of
eco-friendly project solutions, including consultation, design, project
implementation and construction, relating to all stages of sponge-city
projects for customers. The Company's clients are located or have been
located in mainland China, and internationally, including Canada, the
United States, Middle East, India, Maldives North Africa and Brazil. For
more information, please visit: http://en.retoeco.com/.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and
other statements that are other than statements of historical facts.
When the Company uses words such as "may," "will," "intend," "should,"
"believe," "expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Specifically, the Company's
statements regarding: 1) the Company's continued growth and business
outlook; 2) the Company's ability to increase market penetration of
existing products; 3) the Company's ability to develop new products; and
4) the Company's ability to expand its geographical outreach in domestic
and international markets are forward-looking statements.
Forward-looking statements are not guarantees of future performance and
involve risks and uncertainties that may cause the actual results to
differ materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the following:
the Company's goals and strategies; the Company's future business
development; product and service demand and acceptance; changes in
technology; economic conditions; the growth of construction in China and
internationally; reputation and brand; the impact of competition and
pricing; government regulations; fluctuations in general economic and
business conditions in China and internationally and assumptions
underlying or related to any of the foregoing and other risks contained
in reports filed by the Company with the Securities and Exchange
Commission. For these reasons, among others, investors are cautioned not
to place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company's filings
with the U.S. Securities and Exchange Commission, which are available
for review at www.sec.gov.
The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that arise
after the date hereof.

View Comments and Join the Discussion!
 
Lightning Fast
Market News Service
$199 Free 14 Day Trial