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Liu Qiangdong invests 5 billion yuan to enter the yacht industry, openly stating that manufacturing and internet logic are different
On February 24, JD.com founder Liu Qiangdong announced the establishment of an independent yacht brand, Sea Expandary, with a 5 billion yuan investment in Guangdong. The company plans to develop the yacht industry across the entire supply chain, including research and development, manufacturing, sales, operations, leasing, brokerage, and services. Liu Qiangdong revealed that Sea Expandary has already received orders for five yachts, with an average price of approximately 60 million euros per vessel. He also admitted, “Manufacturing is different from the internet; it takes ten years or even longer for global consumers to recognize it.” (Cover News Reporter Fu Wenchao)