JD.com news

JD.com, the Chinese e-commerce giant, is gearing up to enter the grocery retail market by opening retail grocery stores through the merger of its 7Fresh supermarket with other business units, including its group-buying arm Pinqin. New division to explore innovative retail models Yan Xiaobing, the former head of JD.com’s international business, will assume leadership of the new business and wi...

JD.com reported its revenue increased by 9.9% to CNY1.05 tr (US$151.7 bn), and its operating income rose by 104.2% to CNY29.0 bn (US$4.2bn) in its full year 2022 results. In Q4 2022, JD.com’s revenue grew 7.1% to CNY295.4 bn (US$42.8 bn), while its operating income reached CNY4.8 bn (US$700m), compared to a loss of CNY400m (US$58.0m) in 2021. Performance of JD.com’s four key segments J...

JD.com failed to grow in the countries in the face of tough competition in Southeast Asia. Challenging growth conditions JD.com did not provide reasons for its exiting of Indonesia and Thailand. JD.ID was launched in 2015 with Provident Capital, while its Thailand platform was launched in 2017 with Central Group. JD offered both direct sales and marketplace models in the countries. It also ...

The festival’s sales growth this year was estimated to be lower than previous years. Alibaba reported its gross merchandise value (GMV) was same as last year’s, While JD.com only mentioned that its GMV hit a record. However, sales from up-and-coming products and specific customers showed strong growth. Stable sales performance Despite the on-going effects of COVID in China, the key play...

On 31 October 2022, CR NG Fung, one of Hong Kong’s biggest food distributors and producers, formed a strategic alliance with JD.com. The alliance will lead to CR NG Fung opening its first online flagship store on JD.com’s platform to promote its food grocery products. Expanding sales networks Having opened its official online store on JD.com’s platform, CR NG Fung can easily promote its p...

China’s leading on-demand delivery service operator, Meituan, has partnered with convenience chains to launch its first around-the-clock on-demand delivery service. Boosting sales momentum The market for on-demand delivery has been dominated by three  companies, JD.com, Alibaba and Meituan. JD.com has a big share of this market, especially in the supermarket channel through its omnichanne...

JD.com has introduced a new format of supermarket in Beijing that provides shoppers with a one-stop shopping experience. A combination of shopping and recreation This new supermarket format, under the banner of "Seven Fresh", which is the third generation of its development, aims to provide shoppers with a one-stop shopping experience that combines the concept of shopping and recreation. ...

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...

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...

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...