Could JD.com Sell Teslas?

Key News

Asian equities were mostly higher overnight in a quiet night as last night was Mainland China’s last trading session before the week-long Mid-Autumn Festival.

Mainland media reported that E-Commerce giant JD.com will start selling cars soon, with a focus on electric vehicles. According to the report, the retailer will allow buyers to put down deposits on new Tesla
TSLA
models through its platform. This is an interesting development as Tesla has historically only engaged in direct sales globally. Any sales of Teslas by third parties were done so without any coordination with the automaker. This also represents a push by JD to increase sales volumes as China’s uneven consumer recovery has had an outsized impact on the retailer, which focuses on big-ticket items.