JD.com news

27 June 2022
From social shopping to a metaverse mall, we highlight five new initiatives and innovations debuted to inspire shoppers and help merchants during this big shopping festival. Inspiring by innovation and new user experience Alibaba’s Taobao unveiled a “Metaverse Mall” in the festival where shoppers were able to use a mobile phone to guide their avatars and do virtual reality shoppin...
27 June 2022
This year the 618 shopping festival generated a total sales revenue of RMB 695.9bn (USD 103.8bn) through ecommerce channels (excluded quick commerce and community group buying), reports Syntun. This is an increase of 20.3% year-on-year, but down 6.2% compared to the previous year's 26.5% sales growth. Besides driving sales through slashing prices and discount coupons, what significant findings...
06 June 2022
JD.com achieved double-digit revenue growth, while Alibaba maintained a significantly stronger operating margin. Performance highlights Revenue Alibaba’s Q4 results (three months ending 31st March 2022) reported revenue of RMB 204bn (US$ 32.2bn), up 9.0% year-over-year, but down 15.9% on the previous quarter. Over a third of this was driven by direct sales, including through Fresh...
26 April 2022
Dada’s autonomous delivery open platform helps offline stores improve efficiency and reduce costs of delivery at the 415 Intra-City Shopping Festival in China. A smart delivery solution empowers quick commerce Dada Group, a leading platform for local on-demand retail and delivery in China, partnered with JD.com, China's leading one-stop ecommerce platform, to organize the 415 Intra-City S...
14 March 2022
JD.com reports a loss of CNY3.6bn (US$0.6bn) attributable to shareholders and a net income of CNY49.4bn (US$7.8bn) for 2022.   Slowing economic growth China has announced a slower GDP growth of 5.5% this year compared to 8.1% last year. JD.com’s latest results came after Alibaba Group posted its lowest ever quarterly revenue growth, a year-on-year increase of 10% to CNY275.9bn (US$43.4bn). ...
29 November 2021
JD.com’s grocery chain, SEVEN FRESH, has opened three stores in November, all in Greater Bay area. Expanding presence in Greater Bay area On 26 November, JD.com opened the fifth SEVEN FRESH store in Shenzhen, with an area of 2,000 sq m. The retailer also opened another two in the same month, expanding the banner’s presence in the Guangdong–Hong Kong–Macau Greater Bay area. The new store ...
27 November 2021
JD.com and MUJI have formed a partnership to offer transformative offline shopping experience in Shanghai. " Meal Solution " themed supermarket Covering a total area of 4,130 sqm, the store has strengthened MUJI's daily necessities and food products, introducing new products such as frozen foods, noodles, and oatmeal. In collaboration with SEVEN FRESH (JD.com’s grocery chain), the store ...
22 November 2021
JD.com reported net revenues of CNY218.7 bn (US$33.9 bn) for the quarter ended 30 September, 2021, an increase of 25.5% year-on-year (YoY). Performance surpassing market expectations Highlights of 2021Q3 KPIs (key performance indicators) are: Net revenues: CNY218.7 bn (US$33.9 bn), +25.5%YoY, beating analysts’ average estimate of US$33.54 bn, according to financial data aggregator...
12 November 2021
The 11-day sale has wrapped up, with both Alibaba and JD.com setting new records for the annual shopping festival. Final results (24:00 Beijing time, 11 November) Alibaba: CNY540.3 bn (US$84.5 bn) in gross merchandise volume, an increase of 8.5% YoY (year-on-year). The slow growth is partially due to last year's high base JD.com: a total transaction volume of CNY349.1 bn (US$54.7 bn)...
09 November 2021
JD Logistics, the retailer’s logistics arm, plans to invest CNY1 bn (US$160m) in its green supply chain project and deploy thousands of autonomous delivery vehicles over the next two to three years. Increase carbon efficiency by 35% in five years During the sixth Global Smart Supply Chain summit held in October, JD Logistics unveiled its Level-4 Version 5.0 autonomous delivery vehicle. The ...