- Angela Gonzalez-Rodriguez |
"British products will be more competitive. It is however too early to say if there will be a significant impact on business," Tony Qiu, head of JD Worldwide, told a news conference in Paris.
The Chinese online retail giant points out thus that Britain leaving the European Union could make British goods cheaper to buy but it was premature to say if the move would significantly impact the group's business.
It is noteworthy that the British pound has dropped circa 8 percent against the dollar since July 1, what marks the steepest daily decline since 1973, right after Britain's Brexit vote shook global markets.
According to data published by Reuters, the amount of goods transacted on JD.com's platforms, or gross merchandise volume (GMV) reached 71.5 billion dollars in 2015 and 72.4 percent of the transactions were done on mobile phones.
JD.com is China's largest e-commerce company by revenue, currently importing products from France, Britain and elsewhere, though Qiu also said that "mid- to long-term we may sell to people in Europe".