JD.com CEO warns of slow recovery for China's consumer confidence

E-retailer says '10 billion yuan subsidies' will have limited impact on margins

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JD.com's smart logistics center in Beijing. © Reuters

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Chinese consumer confidence won't make a full recovery easily, despite Beijing's stimulus measures and a resumption of production that was stalled by COVID, the chief executive of major domestic e-commerce operator JD.com warned Thursday.

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