JD.com to launch five discount stores as competition intensifies
BEIJING (Reuters) -Chinese retailer JD.com (JD) plans to open five discount superstores in two Chinese cities, marking its latest move into new segments as competition intensifies in its core e-commerce market. Confirming a report in Beijing Business Today, a government-backed newspaper, the company told Reuters on Tuesday that the supermarkets will be in Zhuozhou city…