Cost Reduction

JD.com, led by Liu Qiangdong, plans to aggressively enter the hospitality and travel sectors. Leveraging its logistics network and financial strength, JD.com aims to reduce supply chain costs significantly in food, travel and hospitality, potentially lowering consumer costs by two-thirds while providing new channels for partners. They will expand from convenience stores and food delivery, with CEO Xu Ran confirming a focus on high-growth local services.