Sea Expandary
One day after officially launching Sea Expandary, JD.com founder Richard Liu signed a $723 million framework agreement with two Guangdong cities for R&D, manufacturing, and sales of affordable eco-friendly yachts targeting ordinary consumers.
Reported by AI
Following his February announcement, JD.com founder Richard Liu has officially launched Sea Expandary, a yacht brand backed by €619 million. Targeting the upper-middle class, it offers entry models below €13,000 with AI and electric tech, via an ecosystem spanning China, Europe, and the US.