EconomyJD.com’s US$1.3 billion expansion may test Hong Kong’s footfall-driven retail property model

Analysts say JD.com’s rapid Hong Kong expansion could challenge a property model built on the value of busy streets and shopping centres. The Chinese e-commerce giant has invested more than HK$10 billion in Hong Kong property over the past two years, creating a network of stores, warehouses and other assets that may reduce retailers’ reliance on footfall while boosting logistics hubs and similar assets.

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SSouth China Morning Post★★☆☆☆2026-08-30 02:00Original