JD's acquisition of Hong Kong's Jialebao was actually less than HK$4 billion. Transaction details may be announced in August.

According to the Science and Technology Innovation Board Daily, JD.com has acquired Hong Kong's Jiaobao. Some media reports suggest that the acquisition amount is 4 billion Hong Kong dollars. However, the actual transaction amount is much smaller, and JD.com will further enrich the high-quality supply of the Hong Kong retail consumer market through its supply chain advantages. Specific official information may be announced in August. (Reporter: Xu Cihao)