Jingdong Explores Crypto Investment with Amber Group

Jingdong Financial Technology International, a Hong Kong-listed company, is exploring investment opportunities in the cryptocurrency market. The company is currently working with Amber Group to develop an investment plan for Bitcoin and other major cryptocurrencies, subject to regulatory oversight and approval by the company's Investment Committee.

The board of directors at Jingdong Financial Technology International believes that cryptocurrency has the potential to disrupt the investment and financial services industry. The company plans to focus primarily on Bitcoin investment while also exploring the potential of stablecoins and Real-World Assets (RWA). The company stated that this strategy will serve as a foundation for entering the blockchain industry, and the investment plan will be funded by the Group's existing cash reserves.