Richard Liu’s JD.com to become China’s first e-commerce company with its own airline
The authority in charge of civil flights has given preliminary approval for the establishment of Jiangsu Jingdong, a JV between JD.com and Nantong Airport Group
JD.com will contribute 75 per cent of the joint venture’s starting capital
Chinese e-commerce giant JD.com, which is owned by billionaire Richard Liu Qiangdong, is on track to become the first e-commerce player with it’s own air cargo fleet. Photo: Handout
The East China bureau of the Civil Aviation Administration of China (CAAC), the authority in charge of civil flights, has given preliminary approval for the establishment of Jiangsu Jingdong, according to an announcement by the authority on Tuesday.