JD.com news

JD.com and Central Group have reached an agreement to set up a US$500m joint venture and plan to launch an online marketplace in Thailand next April. Central: Increasing ecommerce contribution to 15 per cent The partnership will enhance strategic co-operation in areas such as technology,  e-commerce, logistics, fintech, and international trade. The joint venture is in line with Central Grou...

Just three months after launching a web shop on Alibaba's B2C website Tmall, Lidl has extended its presence in China opening a store on JD.com's overseas shopping platform, JD Worldwide. The offer and why... The new Lidl store sells a range of food and drink, health and beauty and personal care products. Lidl also has its its own home-grown brands to offer Chinese customers an alternative. ...

JD's revenue for the three months ended June 30 reached CNY93.2bn (US$13.98bn), an increase of 43.6% year-on-year. However, the company took a net loss of CNY496m (US$73m) in the quarter, after reporting a profit for the first time in Q1. Anniversary sales drove revenue but increased costs Revenue growth was pushed up by the company's biggest ever sales event for its anniversary on June 18,...

China's second largest ecommerce player, JD.com, delves deeper into offline stores after its launch in February . There are now 92 JD retail experience stores, and this will grow to 300 by the end of this year. Franchise model for fast roll out JD retail experience stores stock about 15,000 SKUs within 200 sq.m spaces, in stores operated by JD's partners. All the products are sourced from ...

Walmart and JD's strategic partnership enables Walmart to deliver to customers within a 3km radius through JD Daojia's delivery operation. So far, the service is available in 134 Walmart stores in 18 cities in China. 1,300 SKUs available including fresh products A wide range of products are available on the platform, including fresh products. To provide better shopping experience and attrac...

Qicheng Venture Capital, an investment fund backed by Chinese ecommerce giant JD.com has made a strategic investment in brick-and-mortar fresh produce chain store operator Qiandama. The investment Qiandama was founded in 2012 and currently operates over 260 community stores, selling over 500 types of vegetables, fruits, seafood, meat and cooked food. The company previously raised two rounds...

JD.com, China's second-largest ecommerce company, plans to enter the Thai market later this year. Use Thailand as a hub Richard Liu, founder and chief executive of JD.com, said the company planned to use Thailand as a hub for servicing other Southeast Asian countries such as Vietnam and Malaysia. This would be the second country that JD.com operates in Southeast Asian region, the other one ...

Walmart has opened another flagship store on JD.com and this one is for Walmart China. The retailer picked 1,700 of the most-purchased items to offer on its new flagship store on JD.com, the second largest ecommerce company in China. Quality assurance from Walmart Categories including food, consumables, general merchandise, toys and apparel. It assured online customers they would be buying ...

JD.com, China's second largest ecommerce platform has achieved its first profitable quarter since going public two years ago, helped by Chinese consumers using mobile to shop. A 'milestone' quarter JD.com’s net profits made an unexpected turn, rising to CNY239m (US$35m) compared with a loss of CNY910m (US$132m) in the first quarter of last year. Gross merchandise volume increased 42% in the...

Walmart is bringing its British products to China with the launch of an ASDA store on JD Worldwide, the cross-border ecommerce platform of JD.com. Targeting China’s growing middle-class shoppers Asda’s primary offerings on JD.com are food and health products, including items such as biscuits, coffee, tea bags, nuts, energy bars, and baby food. All products will be sourced from the UK, from ...