The Chinese e -commerce giant JD Group announced on Thursday (May 4) that it will cost more than 6 billion yuan (RMB, the same, the same, 1.2 billion yuan) to create a youth city project.

According to the official WeChat public account of Jingdong Group, Jingdong Youth City officially launched on Thursday.JD.com will build 4,000 sets of home appliances, complete furniture, and check -in employee rental apartments located next to the group headquarters of the Economic and Technological Development Zone in Beijing. It is equipped with kindergarten, business district, swimming pool, fitness and leisure and entertainment facilities.The rent price is expected to be about half of the market price.

Comprehensive Securities Times and the China Fund reported that JD.com has invested 10 billion yuan last year to set up a housing security fund.In the past 20 years, JD.com has invested more than 22 billion yuan in improving the living conditions of employees, and has more than 25,000 employee apartments in various office sites and logistics parks across the country.

Among the 4,000 sets of employee rental apartments of Jingdong Youth City, more than a thousand sets are prepared for the intern who are new to the workplace to alleviate the pressure on their accommodation from school to the workplace.

As a supporting facility, Jingdong Youth City will also build a kindergarten that can accommodate 12 classes, supporting sports, fitness and entertainment facilities, and commercial districts.Life and leisure and business atmosphere in the surrounding office areas and residential communities.

The total investment of the above projects is expected to exceed 6 billion yuan, and the total construction area will reach more than 300,000 square meters.According to the public information of the Beijing Municipal Planning and Natural Resources Committee in February, Jingdong was marked with the price of youth city projects at a price of 3.112 billion yuan.