Tag: jd

JD Logistics launches smart logistics park in Xinjiang
Logistics

JD Logistics launches smart logistics park in Xinjiang

JD Logistics launched a smart logistics park, JD Urumqi Asia No.1, in Urumqi, Xinjiang on Sep. 29. With an area of nearly 100,000 square meters, it is the autonomous region’s first and largest smart logistics park. The park is estimated to process as many as 1.2 million items daily. This is the 39th smart logistics park run by JD nationwide. Adopting automation and robotics, the logistics park will enable 80% of JD’s orders in Urumqi to be fulfilled within 24 hours, and overall orders in Xinjiang to be fulfilled within two days. That is a huge improvement for local consumers, who used to waiting up to a week for online orders to arrive. The logistics park stocks products including food, electronics, home appliances, apparel and more. Jd Logistics new Logistics Park in Urumqi, X...
JD Launches China-UK Cargo Charter Flight
Logistics, Tech

JD Launches China-UK Cargo Charter Flight

JD launched an all-cargo charter flight between China and the UK on September 8, the e-commerce giant’s first regular cargo flight to Europe. The route further expands JD’s international transportation logistics network, in addition to the cargo flights to the U.S. and Thailand launched earlier this year. “We are committed to leveraging JD’s global supply chain, logistics and other infrastructure services to help boost the development of cross-border e-commerce and trade around the globe,” said Stard Huang, president of JD’s international logistics division. “We will also take the launch of this charter route as the opportunity to continuously upgrade our global logistics layout.” The route between Hefei Xinqiao International Airport in Anhui province and Heathrow Airport in London ...
JD.com Partner Dada Group Revenue up 81% YOY
Tech

JD.com Partner Dada Group Revenue up 81% YOY

Dada just announced its Q2 earnings and owners of Dada should be happy to see the following results: The full Dada Q2 earnings release can be found here. Second Quarter 2021 Highlights Total net revenues were RMB1,474.6 million, an increase of 11.5% year over year. Aligning the revenue of Dada Now last-mile delivery services to a comparable basis, revenue growth would have been 81.3% year over year1.Total Gross Merchandise Volume (“GMV”) of JDDJ for the twelve months ended June 30, 2021 was RMB32.3 billion, an increase of 76.7% year over year from RMB18.3 billion in the same period ended June 30, 2020.Number of active consumers for the twelve months ended June 30, 2021 was 51.3 million, as compared with 32.3 million in the same period ended June 30, 2020. “Dada has lo...
JD.Com appoints Lei Xu as president
Tech

JD.Com appoints Lei Xu as president

Just in today: Management change at JD.com : Mr. Xu Lei has been appointed as the President of JD.com, Mr. Xin Lijun has been appointed as the CEO of JD Retail and Mr. Jin Enlin has been appointed as the CEO of JD Health Co #BREAKING #JD.Com appoints Lei Xu as president and names Lijun Xin JD retail CEO, Enlin Jin JD Health CEO.Liu Qiangdong, chairman and CEO of JD Group, says JD will devote more time to long-term strategic design, young talent development and rural revitalization.#China $JD pic.twitter.com/urUIe4Ncyt— CN Wire (@Sino_Market) September 6, 2021
JD.com Takes Equity Stake Duty-Free Retailer Lagardère
Ecommerce, Retail

JD.com Takes Equity Stake Duty-Free Retailer Lagardère

Chinese e-commerce giant, JD.com is expanding in the travel-retail channel by taking a shareholding in the North Asia business of Paris-based global duty-free operator Lagardère Travel Retail. The Company is part of France’s Lagardère Group. JD.com and state-owned fund China Jianyin Investment (JIC) are jointly investing $112 million to take respective shares of 18.6% and 3.7% in the North Asia division. The Company generated revenue of $176 million in 2020 from travel shopping and duty-free activities in Mainland China, Hong Kong and Japan. The deal is expected to close next month. Late last year, JD.com’s rival Alibaba Group took a stake in the world’s biggest airport retailer Dufry, with plans to jointly target the travel-retail business in China which is booming. Now it was JD’s...
JD.com beats Q2 expectations
Tech

JD.com beats Q2 expectations

JD just reported it's earnings for Q2 and shareholders should be happy: Jd.com Inc ADR (JD) reported 2nd Quarter June 2021 earnings of $0.45 per share. The consensus earnings estimate was $0.41 per share on revenue of $249.7 billion. JDcom Q2 2021 Earnings Revenue is up 26.2% year over year. Here are JD's Second Quarter 2021 Highlights: Net revenues for the second quarter of 2021 were RMB253.8 billion (US$139.3 billion), an increase of 26.2% from the second quarter of 2020. Net service revenues for the second quarter of 2021 were RMB34.1 billion (US$5.3 billion), an increase of 49.2% from the second quarter of 2020. Income from operations for the second quarter of 2021 was RMB300.8 million (US$46.6 million), compared to RMB5.0 billion for the same period last year. Non-G...
Victoria’s Secret Opens Flagship Store on Chinese e-commerce Site JD.com
Ecommerce

Victoria’s Secret Opens Flagship Store on Chinese e-commerce Site JD.com

Victoria’s Secret, famous for its intimate apparel, announced the launch of an official flagship store on JD.com on Aug 8. The company is planning to bring its classic bras, panties, lingerie and T-shirts to JD.com’s consumers. With the coming of Chinese Valentine’s Day (“Qixi”, which falls on August 14, 2021), many Chinese consumers would like to select gifts for their loved ones. JD.com has become an important platform for Chinese consumers to buy gifts because of its guarantee of authenticity, fast delivery and premium services. Victoria’s Secret launched the store before the annual Chinese Valentine’s Day, as the brand placed great value on JD’s platform advantages during festivals, its suitability for gifting and its vast base of consumers with strong consumption power. Meanwhi...
JD.com Ranks 59th in 2021 Fortune 500
Tech

JD.com Ranks 59th in 2021 Fortune 500

For the first time JD.com has been ranked in the Top 100 of the latest Fortune Global 500 released on August 2, 2021. The company was rising 43 places in one year. JD’s recent development is recognized on Fortune’s website as the company profile describes: “With nearly 500 million customers, JD.com’s revenue soared 40% to $32 billion in the first quarter of 2021, compared with the previous year, buoyed by resurgent demand from Chinese customers emerging from the pandemic and new partnerships with popular brands like Starbucks and sports retailer Decathlon.” JD’s recent IPOs were also highlighted. “The might of the JD.com empire was also on display in the IPOs of the company’s spinoffs. In December 2020, JD Health raised $3.5 billion in its debut on the Hong Kong exchange. ...
Luxury Brand BVLGARI Launches a new cooperative model with JD.com
Ecommerce, Tech

Luxury Brand BVLGARI Launches a new cooperative model with JD.com

JD.com and LVMH’s luxury brand BVLGARI have launched an innovative cooperation model. This was announced on August 2. Through the model customized by JD for BVLGARI, consumers can type in “BVLGARI” or the brand’s related products in the search bar in the JD app, and then enter BVLGARI’s official JD mini program to enjoy the brand’s full range of products. It’s the first time the Italian luxury brand has ever worked with an online third-party platform. “JD Luxury has rich experience in providing tailored solutions for luxury brands,” said Kevin Jiang, president of International Fashion and Lifestyle. “The cooperation between BVLGARI and JD through a customized and innovative model is a brand new exploration for both of us, and both sides will explore in-depth cooperation in the future t...
JD.com and Geely Form Partnership in Smart Logistics
Ecommerce, Tech

JD.com and Geely Form Partnership in Smart Logistics

JD.com and Geely signed a partnership agreement on Jul. 26 stating that the automotive company will leverage JD.com’s integrated supply chain abilities for its business and cooperate in supply chain consulting, intelligent forecasting, omni-channel warehousing, internal logistics, smart warehousing, commercial vehicle technology opening-up and more. Based on the partnership, the two parties will fully leverage each other’s advantages in terms of supply chain, smart logistics, technology research and development. JD says that it will explore how its service capabilities will contribute to helping Geely lower procurement cost and improve operations efficiency in the areas of omni-channel sales, digital procurement and more. Geely says that with the rapid development of electric and...