Feb 13 • 09:57 UTC 🇬🇧 UK Mirror

Chinese store Joybuy to launch in UK to add Brits to its 600 million customers

Chinese online retailer Joybuy plans to launch in the UK next month, targeting British customers with its extensive product offerings and same-day delivery service.

Joybuy, a major Chinese online retailer, is set to launch its services in the UK next month, aiming to attract British consumers and compete with established giants like Amazon. Founded by billionaire Liu Qiangdong—often referred to as "China’s Jeff Bezos"—Joybuy is backed by JD.com, a company valued at £40 billion, and boasts over 600 million customers in China alone. The planned UK launch is part of Joybuy's broader strategy to expand its presence in the European market. The retailer's website and app are already operational, but the official launch will occur in March, when it is expected to feature more than 100,000 different products. The company is positioning itself to cater to bargain hunters in the UK by offering competitive pricing and the convenience of same-day delivery, a service that could enhance its attractiveness to consumers accustomed to quick shopping solutions. Joybuy's entrance into the UK market reflects a growing trend of Chinese e-commerce companies seeking to extend their influence globally. This launch may intensify competition in the UK online retail sector, where established players like Amazon have a strong foothold. As Joybuy looks to carve out a niche for itself in this market, the implications for consumers include potentially greater choices and competitive pricing, but it also raises questions about the impact on local retailers and existing e-commerce dynamics in the region.

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