JD.com Signals Stepped-Up Spending on Areas Outside E-Commerce
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JD.com Inc. is going to keep investing outside of its main e-commerce operations in order to build its business and deliver long-term profitability, Chief Executive Officer Richard Liu said, asking shareholders to be patient with the strategy.
“We want all of our shareholders to understand: JD isn’t a company chasing a one-to-two, or two-to-three-year goal,” Liu said in an interview in Beijing. “What we pay attention to is our profits after 10 to 20 years.”