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MOSCOW, January 15. /TASS/. Large Chinese online retailer JD.com is going to open its division in Russia in the near future, the president of JD.com's international business group, Victor Xu, told journalists Friday.
He added that the company also plans to develop an online video streaming service in Russia. "We are closely studying this opportunity together with our partners," he said. "The Russian office is currently developing as a subsidiary company," he added.
The project might be based on a new or already existing platform together with partners from Russia, he said. According to him, the idea came after JD began selling Chinese brands of smart TVs in Russia, where they are quite in demand due to the lower cost than those of popular manufacturers.
The service might have Western and Russian TV series, Victor Xu said. At the same time, Chinese companies already have the rights to broadcast a number of Hollywood films in China and might agree with Western partners to extend these rights to Russia, he said.
JD.com (Jingdong Mall) was established in 1998 and is currently the second largest (after Alibaba) Internet retailer in China. The Russian version of JD.com website was opened in the summer of 2015.
JD.com trade turnover totals about $60 bln per year.