JD discount: China ecommerce giant JD set for $1.4 billion discount spree
JD.com Inc. will offer discounts across its online shopping platforms from Monday in a 10 billion yuan ($1.4 billion) campaign to capture new users ahead of an anticipated Chinese economic recovery this year.The campaign has spurred concerns that larger rival Alibaba Group Holding Ltd. or upstart PDD Holdings Inc. may retaliate with cuts of their own, igniting a margin-eroding price war. JD announced the launch of the subsidy plan in a statement on its official WeChat account Saturday.China’s internet firms are revving up…