Chinese e-commerce giant JD will foster local stalls and small stores nationally by providing supply chain and service support for the employment of more than five million people.
The firm will accumulate 50 billion goods as a part of its “Spark” economic support plan that is designed to benefit SMEs, stall owners and shopkeepers. The plan by JD is focused on three areas: ensuring supply, assisting operations and promoting employment. The firm will also provide each small shop with US$14,000 in interest-free credit to make purchases.
“JD has already comprehensively accumulated rich experience in supporting the ‘stall economy’ and the ‘small shop economy’,” said JD Retail CEO Lei Xu. “The impact of the epidemic will accelerate the digital transformation of the real economy, and stalls and small shops are no exception. JD has both the ability and the responsibility to use digitisation to support and make the economy of small stalls and shops more dynamic, helping to further invigorate the overall economy and stabilise employment.”
