JD.com news

For the full year of 2016, JD.com has reported net revenues of CNY260.2bn (US$37.5 bn), representing a 44% increase from a year ago. Growth in top and bottom line Net revenues for the full year of 2016 were RMB260.2bn (US$37.5bn), an increase of 44% from the full year of 2015. Revenues from services and others, mainly from the company’s ecommerce marketplace,  increased by 66% in 2016. L...

JD.com, China’s second largest ecommerce platform, has opened three offline stores, following Alibaba and Amazon. The stores JD.com currently has three bricks-and-mortar stores, all of which are located inside the stores of Yonghui, its strategic partner. Two of the stores are located in Beijing, and the other one in Chongqing. These stores are about 20 sq.m with three to four staff pro...

It’s reported that Walmart aims to add 30 to 40 new stores in China, including three to five Sam’s Club outlets, in 2017. It will also upgrade current stores and continue to work with JD.com. Solid performance drives expansion Walmart has seen healthy growth in China in the latest quarter,  with 2.3% like for like increase . This follows its strategic partnership signed with JD.com to e...

JD.com, the second largest ecommerce player in China has reported a 38% growth in revenue to US$8.9bn for the third quarter. Strong performance Total gross merchandise volume reached nearly $24 billion in Q3, marking 43% year-on-year growth. The number of annual active customer accounts was 199 million, growing 57% year-on-year. Excluding virtual items, JD.com fulfilled over 401 million on...

Shirley Zhu, Programme Director IGD Singapore, assesses four of the major opportunities for online grocery retailing in Asia. Nature of ecommerce in Asia is changing Asia is the largest ecommerce region in the world and home to many ecommerce giants such as Alibaba, JD.com, Flipkart and Rakuten. Despite the fast-moving nature of the food and grocery industry, it has been slower than some...

Amazon Prime offers unlimited cross-border shipping in China Amazon has launched a version of its Prime membership program to its customers in China, which includes free, cross-border shipping from the Amazon Global Store as well as no minimum free domestic shipping. Tailored to Chinese shoppers The Chinese version of Prime is focused solely on shipping, and is the "first-ever membership...

As Singles' Day approaches, ecommerce giants in China, Alibaba and JD.com are gearing up for the biggest online shopping day globally, which brought in billions of dollars last year. Alibaba: more opportunities to engage shoppers globally Alibaba has extended the 24-hour event to a 24-day online sales extravaganza, running from October 21 to November 13. Alibaba has also revealed its m...

Walmart China has launched a flagship store on JD.com and revealed two strategic investments in Dada, a logistics and grocery O2O e-commerce platform, and China food safety research. Walmart opens flagship store on JD.com Walmart has opened its flagship online store on JD.com to deliver imported products to mainland China’s consumers. Drawing on JD.com’s logistic network, Walmart online...

Dairy Farm has completed the acquisition of a further 286,934,440 shares in Yonghui for US$190 million in order to keep its share of Yonghui at 19.99%. The acquisition The acquisition, which is alongside an acquisition by JD.com of a 10% interest and by Mr. Zhang Xuansong, the Chairman of Yonghui, of a 2% interest, shows Dairy Farm's commitment to the Chinese market. The co-operation with...

Chinese e-commerce giant JD.com’s first half revenue growth represents a 42% YoY increase, while its annual active customer account number of 188.1 million has grown by 65%. Growth rate flattened JD.com sees sales rise 42% to RMB65.2b (US$9.8b) for the quarter. The revenue for the second quarter of 2016 is within company forecasts, even as the growth rate continues a steady decline that is ...