JD Group Vice President Li Shuai: This year, JD Group will invest 3 billion yuan in partnering with home appliance brands to increase subsidies and service upgrades. Li Shuai, JD Group Vice President and President of JD Retail Home Appliance Life Business Unit, revealed at the 2024 AWE Summit held this afternoon that JD will invest 3 billion yuan in partnering with home appliance brands to increase subsidies and upgrade services. It is expected that 20 million people will participate in the exchange of old for new home appliances in 2024.