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JD.com granted one of China's first virtual telecom licenses

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Harmeet
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BEIJING, CHINA: JD.com, a leading B2C e-commerce company in China, announced that China's Ministry of Industry and Information Technology has awarded the company one of the first licenses in China to resell mobile telecom services.

JD.com's vice chairman, Guoqing Zhao, commented: "The combination of being China's biggest seller of mobile phones and our deep existing relationships with the country's three major telecom companies makes this move into core mobile communications services a logical next step. The largely 23-45 year-old make up of JD.com's 140 million registered users, which closely matches the biggest growth segment of the mobile phone market, will help us achieve our goal of becoming China's fourth largest mobile carrier within five years."

"JD.com will use the trusted relationship we have with our customers to offer a full range of voice and data plans, and will leverage our outstanding technology resources to provide additional services that are currently in development. We believe that JD.com's entry into the mobile carrier market will promote industry development, technological innovation and greater choice for Chinese consumers. The additional customers that these new services will bring to JD.com will also provide a significant boost to our already large and rapidly growing user base."

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