JD promises to establish multiple enterprises worthy of Fortune 500 list

Chinese e-commerce giant JD expects to establish three enterprises with an income of more than 1 trillion yuan ($140.3 billion) and a net profit of over 70 billion yuan in the next 20 years, said Xu Ran, the newly appointed CEO of JD.

In a letter to its employees on Sunday, the company said it aims to have five enterprises to enter the Fortune Global 500 list, bringing seven publicly listed companies that started from zero to obtain a market value of 100 billion yuan. It will also contribute 100 billion yuan in taxes and create over 1 million jobs.

Xu said the company will invest more than 3 trillion yuan in salaries and benefits for frontline employees; increase the income of more than 100 million farmers; and bolster the digital transformation of 60 million micro, small, medium-sized enterprises in the next two decades.

JD plans to build a global supply chain infrastructure covering economies that account for 80 percent of the world's economic volume. It also set a target to achieve carbon neutrality, reinforcing its commitment to environmental sustainability.

fanfeifei@chinadaily.com.cn