JD.Com Buys Land in Hangzhou for USD97.2 Million to Build Regional HQ
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JD.Com has acquired a 26,300-square-meter land parcel in Hangzhou for CNY663 million (USD97.2 million) to establish a regional headquarters. The site, located in the Qiantang Bay Future Headquarters Base, is designated for commercial use and must include a center for home appliances and furniture. JD.Com plans to invest CNY5 billion (USD733.4 million) in developing a management center, logistics base, and retail innovation center within five years, leveraging its strengths in e-commerce and technology.
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