Liu Qiang Tokyo East cash increase of 1 billion acquisition in the second half


Liu Qiangdong


technology news Beijing time on June 13th afternoon, as the Chinese trading volume of second large online retailers, the Jingdong plans to speed up mergers and acquisitions, which also contributed to the outside of the company will be listed on the United States speculation. Earlier rumors that Jingdong mall will be at least through IPO (initial public offering) financing $1 billion.

Jingdong mall founder and CEO Liu Qiangdong said in an interview with the media, said: we will launch a lot of investment in the second half of 2012. China’s e-commerce market has begun to shuffle, which is likely to continue until the end of next year. We’ll take advantage of that."

this will undoubtedly increase the competition between Jingdong mall and Alibaba, which dominates the Chinese e-commerce market, but is undergoing restructuring.

Jingdong mall has hired Merrill Lynch, Goldman Sachs, JP Morgan chase and Swiss bank to provide strategic advice, and in the end of last month and the analyst launched a simple communication. This also led to the company will be listed in the United States as early as September rumors.

but Liu Qiangdong denied the rumors, he said, the company is not eager to market. "We have enough money for 2015." He said. Communicate with Jingdong mall analyst said that as of the end of 2011, Jingdong mall’s cash balance of approximately $1 billion.

according to iResearch data, Jingdong mall turnover last year was 30 billion yuan (about $4 billion 700 million), more than 3 times the Amazon China, an increase of more than 2010.

Although the

Alibaba’s Taobao and Tmall Chinese is the largest retail website, but it does not sell proprietary products, only provide a trading platform, which is the key difference between the Alibaba and the Jingdong store.

Jingdong mall also launched a similar platform with Alibaba business. In the mall after failing to attract luxury stationed in the Jingdong, the company allows the independent brand for trading, brand and price control of the more. Liu Qiangdong said, Jingdong mall will be in this business in the proportion of total revenue increased from 20% to 50%.

Jingdong mall revenue from 2 billion 900 million yuan in 2009 increased sharply to 21 billion yuan last year. The company expects revenue this year will be more than doubled, by 2015, almost 10 times more than now.

however, the company’s net loss last year has doubled, more than 1 billion yuan, is expected to profit can not be achieved before 2015. Jingdong mall gross profit margin has increased from 5% in 2010 to 2011 of this year is expected to reach more than 8% in 2015, more than 13% in.

Jingdong mall will invest 10 billion yuan in the next 3 years in the country to build logistics and distribution services. The plan and

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