JD.com news

JD.com reported net revenues of CNY253.8 bn (US$39.3 bn) for the quarter ended 30  June, 2021 , an increase of 26.2% year-on-year (YoY). Record new users in Q2 Highlights of 2021Q2 KPIs (key performance indicators) are: Net revenues: CNY253.8 bn (US$39.3 bn), +26.2%YoY Net service revenues: CNY34.1 bn (US$5.3 bn), +49.2%YoY Annual active customer: 531.9m in the twelve months end...

It has been confirmed that JD.com has recently purchased Huaguan, a regional supermarket chain established in 1995 in Beijing. JD.com has full control of Huaguan Huaguan’s chairman, Carol Fung, is also the vice president of JD.com and the president of JD.com retail group’s omnichannel business group. Earlier this year, Fung has expressed that Huaguan is to undergo an omnichannel reform w...

As the 18-day annual grand promotion came to a close, JD.com announced today that it has achieved total transaction volume of over CNY343.8 bn (US$53.28 bn), a 28% year-on-year increase. Strong performance from JD Super JD.com shared they have seen strong purchasing power during the festival and its fresh grocery and FMCG continue to drive growth. “ Some categories peaked during COVID-19...

JD.com reported net revenues of CNY203 bn (US$31.0 bn) for the quarter ended 31  March, 2021 , an increase of 39.0% year-on-year (YoY). Annual active users increased by +29%YoY, reaching 500 million “ As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021 ,” said  Richard Liu , Chairman and Chief Executive Officer of  JD.com . “ Sin...

JD.com announced on 22 March that it is investing US$800m in Dada Neux, the mother company of on-demand grocery delivery platform JD Daojia and on-demand delivery platform Dada Now. JD.com will effectively take control of delivery platform Dada Once the deal goes through, JD.com will own 51% of Dada. JD merged its online-to-offline unit, JD Daojia, with Dada in 2016. Dada-JD Daojia then ...

JD.com reported net revenue of CNY745.8bn (US$114.3bn) for the full year of 2020, an increase of 29.3% from 2019. Ended the year on a strong note with accelerated revenue and user growth “ We are pleased to conclude the year on a strong note with another quarter of solid top and bottom-line results as well as excellent cash flow ,” said Sandy Xu, Chief Financial Officer of JD.com. “ Our ope...

Chinese New Year is the biggest annual trading event for many markets and retailers across Asia.  The pandemic has once again impacted celebrations. This year, retailers are more prepared for the complexity of complying with COVID-19 measures and changes in shoppers’ behaviour. We highlight the best-in-class execution from the Asia region and beyond    1. Growing the eat-at-home opportunity ...

In a store opening race post-COVID, Alibaba opened 21 new Freshippo stores and JD.com 14 SEVEN FRESH outlets in just one month.  Alibaba opens 21 new stores in 13 cities in December The 21 new stores include 19 Freshippo supermarkets and two Freshippo Mini. “ The store opening in December is the fastest in our company’s history ,” said a Freshippo official. Every crisis brings opportunit...

We review major events that took place in China's grocery retail industry in the past year. 1. Flourishing of community stores Community store is the next big thing in China. It is estimated that 30% - 40% of the urban consumption expenditure is within 1 km of the community in China. It is an area that big format stores and online players find very hard to reach. The pandemic has acce...

The ecommerce retailer announced that three 7Fresh stores will be launched between 18 and 25 December, all in Guangzhou. Providing a worry-free experience for customers The new stores are under the banner of 7Fresh Life, which is JD.com’s community store format . To fulfil the shoppers needs of the local catchments, the stores offer the following services: 24-hour opening 30...