E-commerce giant JD plans shift into offline retail

JD.com Inc, China's second-largest e-commerce company, plans to open more than 1 million JD convenience stores across the country in the next five years, with half of them located in rural areas, said its CEO Liu Qiangdong.

He said owners of the stores could order goods, including consumer electronics, home appliances, clothing and home furnishings through JD's application software.

JD will be responsible for logistics and distribution to the stores, according to the company.