JD.com news

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...

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). ...

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 ...

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 ...

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...

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)...

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 ...

Cross-border ecommerce (CBEC) brings exciting opportunities to brands and retailers around the world, as ecommerce spending in foreign countries is on the rise. CBEC is here to stay as a mainstream online channel and needs to be part of your ecommerce strategy. Costco and ALDI opened CBEC stores on Alibaba’s Tmall Global before launching physical stores in China. This article gives a high-level o...

The 13th annual 11.11 Global Shopping Festival is underway. It kicked off with pre-sales at 8pm on Wednesday 20 October. The entire event will last for 23 days to 11 November. This year’s festival will mark a new chapter for the event. Here is why. The largest Festival to date This year marks the largest Festival to date, with a record 290,000 brands participating, including more than 200 l...

The Chinese ecommerce giant has created a new role of president to run the day-to-day business, as the founder and chief executive Richard Liu is stepping back. The new president has a proven track record in leadership Xu Lei, currently CEO of JD Retail, will take up the role of president. He has proven his leadership and management skills in spearheading JD Retail's operations. " We bel...