China’s JD.com isn’t in a rush to list its finance arm刘强东接受英文采访：我看重品质 时间:2017-09-05 单词数:3590
双语 中文 英文
JD.com may have been the first Chinese e-commerce firm to list on the Nasdaq, but its CEO says he’s not in any rush to list the company’s internet finance unit.
One of the reasons for spinning off JD Finance, JD.com’s finance arm, was a desire to expand further into the payments business, JD.com CEO and Chairman Richard Liu told CNBC’s "Managing Asia."
The move would also ultimately pave the way for a future listing for JD Finance, Liu acknowledged.
As a local Chinese company, it’s easier for us to get license from the government. And second, you know ... for a financial consumer business model, if you can list in China, it will be very good to communicate with consumers, Liu said.
The internet retailer completed the spin off JD Finance after first announcing its intentions to do so in March this year.
As part of the agreement, JD.com disposed of the 68.6 percent stake it had in JD Finance for 14.3 billion yuan ($2.2 billion). Meanwhile, Liu acquired a 4.3 percent stake of JD Finance and majority voting rights.
The reorganization resulted in an arrangement currently used by rival Alibaba and its financial affiliate, Ant Financial.
However, when asked whether he intended for JD Finance to go public before Ant Financial, Liu said he currently had no fixed time frame for when exactly to take the unit public. "Listing is not like a competition," he said.
As for the intensifying rivalry between Alibaba and JD.com - the two largest e-commerce players in China - Liu said he was confident his company would soon close the gap.
Alibaba’s Tmall has a market share of 56.6 percent by gross merchandise value, placing it first among business-to-consumer online shopping websites in China in 2016, according to iResearch Consultancy Group. JD.com currently takes second place with a market share of 24.7 percent.
Within 5 years, I’m sure we will surpass them to be the largest B2C platform in China, Liu told CNBC.
Because ... we have always grown faster than them. And also because our user experience is always better than any competitor in China.
0124 Solar Terms: 8 things you may not know about Start of Winter 11.0724节气：关于立冬你可能不知道的8件事
02Trump lands in China11.08刚刚，美国总统特朗普抵达北京！
0310 Surprising Reasons You’re Not Losing Weight11.06减肥失败的十大原因
04India award for burning elephant photo11.08小象着火了，大象在逃命，这张照片得奖了……
05Climate change is already killing people and will become the biggest health threat of the 21st century, experts warn11.05专家警告：气候变化将成21世纪最大健康威胁
06Being pushed to get married11.0725岁的你，被家人逼婚了吗？
07Trump tells North Korea: ’Do not try us’11.09特朗普再次警告金正恩：不要低估我们，不要试探我们！
08Donald Trump lands in Japan to start marathon tour of Asia11.06特朗普抵达日本，开启出访亚洲之旅（附详细行程）
09Apple’s iPhone X is Here, and Samsung’s New Ad Ruthlessly Makes Fun of It11.08三星广告怼苹果的刘海设计
10Cycling to work just as effective for losing weight as exercising at gym five days a week11.05研究:骑车上下班减肥效果和进健身房一样