JD.com forays unto China's giant parcel delivery market

FILE PHOTO: An employee works at a JD.com logistic centre in Langfang, Hebei province, China November 10, 2015. REUTERS/Jason Lee/File Photo

Chinese e-commerce firm JD.com Inc said on Thursday it was launching a parcel delivery business, a move which could help the firm leverage its network of warehouses and drivers to bolster flagging profits.

The shift pits JD.com into greater competition with major rival Alibaba Group Holding Ltd’s Cainiao network, as well as dedicated domestic parcel delivery firms such as ZTO Express and YTO Express Group Co Ltd.

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