京东相关业务负责人表示："京东所有业务都围绕供应链展开，此次对佳宝的收购正是京东强化供应链 战略的关键落子，标志着京东正式进军香港实体零售领域，通过全面整合佳宝线下门店网络，进一步提 升香港零售市场的商品丰富度和价格竞争力。京东对佳宝的管理团队和未来合作充满信心。" （文章来源：深圳商报） 【深圳商报讯】（记者陈姝）京东官方8月15日披露，近日，京东正式完成对香港佳宝食品超级市场的 收购。佳宝是中国香港地区知名的连锁商超之一，自1991年成立以来便以"价廉物美"为宗旨，赢得了消 费者的广泛认可。目前，佳宝在香港拥有逾90家门店，员工总数超1000名，主营涵盖各类急冻家禽肉类 及海产和粮油杂货新鲜蔬菜水果等商品。 ...

Group 1 - JD has completed the acquisition of Hong Kong-based supermarket chain Jia Bao, marking its entry into the Hong Kong physical retail market [1] - The acquisition aims to leverage JD's supply chain advantages to enhance Jia Bao's omnichannel business and expand JD's fresh supply chain in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - JD 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 - Other e-commerce giants like Alibaba and Pinduoduo are also targeting the Hong Kong market, with Alibaba investing 1 billion yuan to make Hong Kong a free shipping zone [2] - Pinduoduo has introduced a "one item free shipping" policy in Hong Kong to attract price-sensitive consumers [2] - Pinduoduo has partnered with SF Express Hong Kong to provide local logistics services, maintaining its "one item free shipping" offer [2]

Core Viewpoint - Liu Qiangdong is accelerating JD's international expansion through potential acquisitions, including Ceconomy and Hong Kong's Jia Bao supermarket, to tap into larger market opportunities as domestic e-commerce growth plateaus [1][16]. Group 1: Ceconomy Acquisition - Ceconomy, a leading European electronics retailer, is in talks with JD for a potential acquisition, with Liu proposing a price of €4.6 per share, representing a 22.7% premium over its recent closing price [1][3]. - Ceconomy has a market capitalization of €2 billion (approximately ¥170 billion) and operates over 1,000 stores across Europe, including brands like MediaMarkt and Saturn [3][12]. - The company reported a 4% year-on-year increase in sales revenue for the first half of 2024, totaling €12.8 billion, with an adjusted EBIT margin of 2.3% [6][8]. Group 2: Hong Kong Jia Bao Acquisition - JD is also set to acquire Hong Kong's Jia Bao supermarket, which has 90 stores and specializes in frozen poultry, seafood, and groceries [19][21]. - This acquisition is expected to leverage JD's supply chain advantages to enhance local operations and meet consumer demands more effectively [20][21]. - JD has previously invested significantly in the Hong Kong market, indicating a strategic focus on this region [23]. Group 3: International Expansion Strategy - Liu Qiangdong has shifted his perspective on internationalization, emphasizing its importance for JD's future and planning to build local teams in overseas markets [29][36]. - JD's international strategy focuses on leveraging its supply chain capabilities, with over 2,000 employees abroad and plans to introduce 1,000 Chinese brands to international markets [37][38]. - The company has established a logistics infrastructure in Europe, with over 100 warehouses and a management area exceeding 1 million square meters, aiming for operational readiness by the end of 2025 [37].

Group 1 - The overall Consumer Price Index (CPI) increased by 0.38% year-on-year for the twelve months ending in May 2025 [1][2] - Significant price increases were observed in categories such as Miscellaneous Goods and Services (+2.41%), Education (+1.9%), and Medical (+1.44%), while Transportation (-2.87%) and Information and Communication (-1.34%) saw declines [2] - The CPI for food and non-alcoholic beverages rose by 0.55% in the first five months of the year, contributing to the overall CPI increase [2] Group 2 - In May 2025, the CPI decreased by 0.05% compared to April, with notable declines in Transportation (-0.56%) and Recreation, Sports, and Culture (-0.42%) [1] - The price index for food and non-alcoholic beverages fell by 0.03% month-on-month, driven by lower prices for fruits, fresh fish, seafood, cooking oil, and vegetables [1] - The price indices for Clothing (+0.71%) and Household Equipment and Services (+0.28%) increased month-on-month [1]