JD.com plans to cooperate with the Saudi government to enter the Middle East market

　　According to foreign media reports, Zheng Xiaoming, president of JD Group's international business, said that the company is very willing to cooperate with the Saudi government. JD.com is currently planning to enter the Middle East market.

　　Zheng Xiaoming, president of JD Group's international business, said in an interview on the sidelines of an investment meeting, "We hope to establish a cooperative relationship with the Saudi government, and Saudi Arabia's 2030 vision is a good opportunity.

　　Saudi Arabia's main sovereign wealth fund, the Public Investment Fund, is holding a corporate conference, and the technology industry is listed as the core investment field. JD.com made this statement in this context.

　　Last month, JD.com announced that it would join hands with JD.com Finance and Provident Capital, a well-known Thai retailer, to establish two joint ventures in Thailand to provide e-commerce services and financial technology services, with a total investment of up to US$500 million. Foreign media said the joint venture will assist JD.com to expand its overseas business outside Indonesia and boost JD.com's visibility in Southeast Asia.

　　"Vision 2030" is a Saudi economic reform plan aimed at boosting the growth of private sectors and developing non-oil industries.

　　Zheng Xiaoming said that this (region) is the next frontier and we look forward to the eventual promotion of cooperation in this meeting, but we consider taking action as soon as possible.

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