JD.com to Get $2.1B in Finance Arm Spinoff

JD is hiving off a loss-making unit to make its core ecommerce business more attractive and position JD Finance for future growth. The plan is to create a separate unit to compete with Ant Financial by leveraging JD's massive Chinese consumer base. JD aims to attract domestic funding and regulatory licenses, turning JD Finance into a comprehensive online financial services provider. Richard Liu's ambition is to transform JD into one of the world's largest companies, capitalizing on the world's largest online retail and financial services markets.

What is one of the main reasons JD is hiving off a unit?

• To focus solely on international markets

• To reduce its market share

• To make its core e-commerce business more attractive

• To increase its workforce

How does JD Finance plan to compete with Ant Financial?

• By focusing on international markets

• By attracting more domestic funding and obtaining regulatory licenses

• By acquiring smaller companies

• By reducing its service offerings

What is JD Finance's strategy to grow its financial services?

• By focusing on offline retail

• By limiting its services to securities trading

• By becoming a supermarket for various online financial services

• By offering only car insurance

What is Richard Liu's ultimate goal for JD?

• To focus only on e-commerce

• To become a small regional player

• To exit the financial services market

• To be one of the world's largest companies

What market does Richard Liu aim to leverage for JD's growth?

• The European market

• The world's largest online retail and financial services markets

• The Middle Eastern market

• The South American market