JD-controlled JV pairs with CNSC to boost duty-free business

The JV with Lagardere Travel Retail also seeks to expand their duty-free operations.

A joint venture between JD and its French partner Lagardere Travel Retail entered into cooperation with a Chinese state-owned enterprise to strengthen the latter’s duty-free business, the e-commerce company said in a press release.

The cooperation will seek to boost the duty-free and cross-border e-commerce businesses of China National Service Corporation (CNSC), a subsidiary of Sinopharm. CNSC operates its duty-free business across China with full coverage of the duty-free channels of airports, sea ports, downtown and Hainan island.

It will also promote the digital intelligent transformation of the duty-free industry from the traditional business model, the company said.

Established in Hong Kong and controlled by JD, the joint venture between JD and Lagardere Travel Retail, namely JD Worldwide-Lagardere (HK) Company, seeks to expand its duty-free related business.