On October 21, following its recent acquisition of Hong Kong's Champion Supermarket and the opening of the first "JD Mall" in Wanchai, JD.com is reportedly preparing to enter the insurance industry in Hong Kong and is currently applying for an insurance license, according to a report. JD.com has not commented on this development, and the insurance regulatory authority stated it does not comment on individual licensing cases.
Recently, JD.com has been actively recruiting for various positions in both mainland China and Hong Kong under the names "JD.com," "JD Insurance," and "JD Technology." Positions include "Compliance Officer (Hong Kong)," "Insurance TR," "Insurance Consultant IS," and "Operations Director," indicating the company's intent to establish its own insurance team.
Among the job listings, the "Compliance Officer (Hong Kong)" role requires candidates to "be responsible for the overall planning, operations, and daily management of the Hong Kong insurance brokerage's daily business," "maintain connections and relationships with Hong Kong insurance regulatory agencies," and "oversee relationships with various Hong Kong insurance companies," along with being accountable for the business performance of the Hong Kong insurance brokerage. Candidates must also have over eight years of practical management experience in a Hong Kong insurance brokerage.
In addition, job postings suggest that JD.com may be interested in developing asset management or fund operations, as it is recruiting for "Operations Director" and "Financial Business Manager" roles, with responsibilities related to the operational management of licenses No. 1 and No. 9 from the Hong Kong Securities and Futures Commission.
It is worth noting that JD.com had previously acquired Junsheng Asia Investment Limited, which was renamed JD Securities Limited and once held licenses No. 1, No. 4, and No. 9 from the HK SFC. However, its No. 1 license expired in January 2023 and was not renewed; the No. 4 and No. 9 licenses were also not renewed by July 2024. Therefore, if JD.com intends to re-enter the asset management or fund business in Hong Kong, it will need to reapply for licenses and restructure its team, with positions such as "Operations Director" also requiring relevant licenses.