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jd.com (09618) responds to increasing subsidies of billions for beauty: additional investment will not be less than 3 billion.
Jingdong Group (09618) is reportedly going to make significant adjustments to the tens of billions in subsidies in the near future, adding special subsidies to support the cosmetics category, covering cosmetics products from both self-operated and third-party merchants. After the new round of subsidies is injected, it is expected that all cosmetics products participating in the tens of billions in subsidies on JD.com will see a price reduction of 10% to 30%. In response to this, Jingdong responded, "The news is true, and the additional investment will be no less than 3 billion, covering the entire cosmetics category."
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