Business Chief APAC+ANZ Magazine February 2020 | Page 77

JD . COM
JD . COM
JD . com operates one of the biggest business-to-consumer ecommerce sites , rivaling the Alibaba-owned Tmall . Alibaba ’ s competitor Tencent is a big backer of the site , as is American retail corporation Walmart . Although founded in 1998 , it took until 2004 for the company to first open its website . While Singles ’ Day drives huge profits for Alibaba , JD pioneered its own celebration which takes place on 18 June , the “ 618 Anniversary Sale ”. Its success prompted Alibaba , as well as rival Pinduoduo , to also adopt the holiday .
A city on Beijing ’ s scale needs an airport to match . Beijing Airport was the world ’ s second busiest passenger airport in 2018 , with over 100mn passengers passing through . Despite its size , continuing growth meant that it was fast approaching capacity . To lighten the load , the city opened another in September 2019 : Beijing
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