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 advantages does JD Finance have in the Chinese market?

In what ways has JD.com established itself against competitors like Alibaba?