JD CEO Xu Ran responds to the slowing down of government subsidies: JD's growth momentum will also become more diversified.

After the release of Jingdong's third quarter financial report, topics such as national subsidies and online food delivery have attracted attention. On November 13, during the third quarter financial report conference call, Jingdong CEO Xu Ran responded to questions about Jingdong's expectations for growth in the appliance category in the second half of the year when national subsidies enter a high base period, and the impact of the slowdown in national subsidy demand on Jingdong's retail profit. Xu Ran stated that since last year, national subsidy policies have clearly stimulated consumer demand, especially in the sales of appliances and computers. This has inevitably led to the industry's growth entering a high base period in the short term. Xu Ran said, "I believe the market also has expectations for this."