JD acquired a loss-making hotel in Beijing for possible technology innovation research

JD recently made a full acquisition of the Jade Palace Hotel in Beijing for $400 million, as part of its plan for developing technology innovation and commercial research. Insiders believe it a deal for JD to further strengthen its foothold in the capital city in which way to take advantage of the beneficial policies offered by the local government. Though it’s quite difficult at present to predict where the next step will lead JD, we can expect some big move will be taken soon.