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Capital, Earnings & M&A

JD.com's Latest 'Community Group Buying' Move: Upgrades Jingxi to Business Group, Merges Group Buying; Acquires Meicai's Meijia Maicai

On December 7, industry sources said JD.com's new channel business unit, community group buying business unit, and 1号店 business, as well as the original JD Mall marketing department, were all integrated into the new Jingxi business group. Recently, a Times Weekly reporter exclusively learned that JD.com has initiated the acquisition of Meijia Maicai, a sub-brand of the fresh e-commerce platform Meicai. A source close to Meijia Maicai's senior management confirmed the news, but the acquisition amount is unknown, with industry insiders predicting it will not exceed $200 million. According to public data, Meijia Maicai is a community group buying platform.

周伊