Core Insights - JD.com has officially completed the acquisition of Hong Kong-based Jia Bao Supermarket, aiming to deepen collaboration and enhance its supply chain advantages in the region [1] - The acquisition is expected to enrich the quality product offerings in Hong Kong's retail market and accelerate JD.com's expansion in the local retail sector [1] - JD.com has established an Innovation Retail - Jia Bao Business Unit, appointing Jia Bao's founder, Lin Xiaoyi, as the head of this new unit [1]

Core Viewpoint - JD.com has officially announced the completion of its acquisition of Hong Kong's Jia Bao Food Supermarket, aiming to enhance its retail presence in the Greater Bay Area and improve the supply chain for fresh produce in Hong Kong [1] Group 1: Acquisition Details - The acquisition is part of JD.com's strategy to expand its local retail market in Hong Kong and enhance the quality of goods available in the retail sector [1] - JD.com has established a new business unit named "Innovative Retail - Jia Bao," with Lin Xiaoyi, the founder of Jia Bao, appointed as the head of this unit [1] - Market speculation suggested that the acquisition amount was below HKD 4 billion, but the official announcement did not disclose the exact figure [1]

Core Viewpoint - JD.com has completed the acquisition of Hong Kong-based supermarket chain Jia Bao, aiming to enhance cooperation and leverage JD's supply chain advantages to expand Jia Bao's omnichannel business and improve the quality of retail offerings in Hong Kong [1] Group 1: Acquisition Details - The acquisition is expected to strengthen the collaboration between JD.com and Jia Bao, combining JD's supply chain strengths with Jia Bao's local market expertise [1] - Following the acquisition, JD.com has established an Innovation Retail - Jia Bao Business Unit, appointing Jia Bao's founder, Lin Xiaoyi, as the head of this unit [1] Group 2: Market Impact - The acquisition will facilitate JD.com's expansion in the Greater Bay Area's fresh supply chain and accelerate its growth in the local retail market in Hong Kong [1] - To celebrate the acquisition, JD Jia Bao Supermarket will hold a three-day promotional event from August 16 to August 18, offering a 20% discount across all products [1] Group 3: Company Profile - Jia Bao is a well-known supermarket chain in Hong Kong, operating over 90 stores and employing more than 1,000 staff members [1] - The product range at Jia Bao includes frozen poultry, seafood, grains, oils, and fresh fruits and vegetables [1]