<p>On September 16th, JD.com held a wine tasting event in collaboration with Kweichow Moutai. Liu Qiangdong revealed that JD.com will not engage in a price war in the hotel industry, which would force hotel operators to further lower prices, leading to a &#34;competition&#34; among three platforms that would result in a decline in service quality, squeezed profit margins, and damage to the entire ecosystem. Liu Qiangdong disclosed that JD.com is about to launch a brand new hotel development plan, and there will also be innovations in the business model for food delivery. (Sina Technology)</p>

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<p>On September 16th, JD.com held a wine tasting event in collaboration with Kweichow Moutai. Liu Qiangdong revealed that JD.com will not engage in a price war in the hotel industry, which would force hotel operators to further lower prices, "and then the three platforms will 'compete', leading to a decline in service quality, squeezed profit margins, and damage to the entire ecosystem." Liu Qiangdong disclosed that JD.com is about to launch a brand new hotel development plan, and there will also be innovations in the business model for food delivery. (Sina Technology)</p>

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