Market Chatter: Chinese Retailers to Help Exports Pivot to Domestic Market

MT Newswires Live04-14

Chinese retailers JD.com (HKG:9618) and Alibaba (HKG:9988) rolled out measures to help Chinese exporters sell in the domestic market amid trade tensions with the US, Reuters reported Friday.

JD.com looks to launch a 200 billion yuan fund to help Chinese exporters sell their merchandise in the domestic market over the next year, the report said.

JD.com will directly purchase high-quality items from exporters and resell them on its platform to help market their items, the report said.

Alibaba's Freshippo will also facilitate exporters' pivot to the domestic market and set up a platform for exporters to sell locally, according to Reuters.

Earlier last week, CR Vanguard and Yonghui Superstores (SHA:601933) introduced similar measures for Chinese exporters, Reuters 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.)

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