JD.com pledges $27bn to help tariff-hit Chinese exporters go local

BEIJING -- JD.com will invest at least 200 billion yuan ($27 billion) over the next year to help Chinese exporters sell more goods domestically, the Chinese e-commerce giant said Friday, providing support amid the tariff escalation between China and the U.S.

The company will buy products from these businesses and set up a special area on its online marketplaces specifically for these items to draw more customer traffic. It has already begun recruiting prospective sellers.