Santander announces JD.com tie up

Santander UK is partnering with JD.com to allow its SME customers to launch products in the Chinese market. These will be able to open stores on JD.com if they have international trading experience and a turnover of at least £10 million, with the Chinese retailer providing access to its extensive delivery network.

Kaisi Li, Deputy General Manager at JD.com worldwide, says: “Through our cross-border e-commerce platform, we are making it easier than ever for international merchants to tap into the potential of the China market. This partnership with Santander opens up many more opportunities to small and medium-size enterprises across the UK. Demand for imported products in China is strong and growing rapidly, and we’re excited to work with Santander to enable more UK-based brands to benefit from the growth of this huge market.”