Chinese e-commerce giant JD.com (HKG:9618) is entering the South Korean market with a focus on third-party logistics, providing warehousing and delivery services for local retailers, Pulse News reported Thursday.
The company has begun large-scale hiring and plans to open logistics hubs in Incheon and Icheon, Gyeonggi province, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)