JD to buy over $27b worth of goods from exporters to help them sell domestically

Chinese e-commerce giant JD said on Friday it will purchase 200 billion yuan ($27.3 billion) worth of goods from the country's exporters over the next year to help them sell products domestically in response to a new round of the United States' tariff hikes.

JD said it will send professional procurement teams to export-oriented companies and directly purchase their high-quality products, as well as establish a special area on its online marketplaces to sell these commodities and give data traffic and omni-channel marketing support to them.

Moreover, the company will provide training, step up subsidies and give other resources support for exporters to open up the domestic market quickly.

Meanwhile, Freshippo, Alibaba Group's grocery and fresh goods retail chain announced it has opened a fast-track path for exporters to expand the domestic market. It will also set up a special zone on its platform where products from these companies will be sold.