JD and the Silk Road Fund will jointly promote the upgrading of the global supply chain

On March 17, JD.com, JD Industry Development, and the Silk Road Fund signed a strategic cooperation agreement to jointly expand cooperation in overseas investment and investment synergy.

The Silk Road Fund was jointly funded by China's foreign exchange reserves, China Investment Corporation, China Development Bank, and Export-Import Bank of China, and was registered in Beijing on December 29, 2014.

According to the agreement, the Silk Road Fund will support JD.com's "going global" strategy through direct and indirect investment, providing investment services to JD.com and its subsidiaries or mutually recognized partners.

JD Industry Development will work with the Silk Road Fund to evaluate, invest in, and develop overseas logistics infrastructure projects in the Middle East and Asia-Pacific regions. Through high-standard supply chain infrastructure, this will reduce the logistics costs and operational risks for Chinese companies entering overseas markets, and jointly promote the upgrading of the global supply chain.