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China's JD.com to set up $27b fund to help exporters go local amid trade war

China's JD.com to set up $27b fund to help exporters go local amid trade war

FILE PHOTO: The logo of e-commerce app JD.com is displayed among mobile phones displaying the app, in this illustration picture taken October 25, 2023. REUTERS/Florence Lo/Illustration/File Photo

China’s e-commerce giant JD.com said on Friday it will launch a 200 billion yuan ($27.35 billion) fund to help the country’s exporters sell their products domestically over the next year, as a U.S.-China trade war intensifies.

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