CHINESE online retailer JD.com said Friday that Britain leaving the European Union could make British goods cheaper to buy but it was premature to say if the move would significantly impact the group’s business.

    “British products will be more competitive. It is however too early to say if there will be a significant impact on business,” Tony Qiu, head of JD Worldwide, told a news conference in Paris.

    JD.com, Alibaba Group Holding Ltd.’s main rival in online shopping and China’s largest e-commerce company by revenue, is an import site that sells products from France, Britain and elsewhere, though Qiu also said that “mid- to long-term we may sell to people in Europe.”

    Alibaba and JD.com together account for more than 80 percent of online retail sales in China, a market that saw more than 2 trillion yuan (US$304 billion) of transactions last year, according to iResearch.

    The amount of goods transacted on JD.com’s platforms reached US$71.5 billion in 2015 and 72.4 percent of the transactions were done on mobile phones.(SD-Agencies)