JD.com news

JD.com reported net revenues of CNY174.2 bn (US$25.7 bn) for the quarter ended 30 September, 2020, an increase of 29.2% year-on-year (YoY). Significant KPI (key performance indicator) increases Net revenues : CNY174.2 bn (US$25.7 bn), +29.2%YoY Net service revenues: CNY22.8 bn (US$3.4 billion), +42.7%YoY Annual active customer: 441.6m in the twelve months ended 30 September...

The country’s major internet companies, such as Alibaba, JD.com and Meituan, are likely to be hit by the rules. Rules to prevent tech monopolies China’s State Administration for Market Regulation (SAMR) issued a draft of new anti-monopoly rules on 10 November. The goal is to prevent monopolistic behavior, such as: Hosting companies restricting brands from selling on multiple platforms...

The ecommerce giant and Kuaishou, a Chinese video-sharing platform, are partnering up to launch a 200-hour livestream during this year’s Singles Day Shopping Festival. Eight days and eight hours uninterrupted livestream JD.com shared that from 1 November to 9 November, many Kuaishou hosts will take turns presenting in the event. The Kuaishou viewers will receive coupons to be redeemed on ...

Alexander Kremer, a Director in JD.com’s Omnichannel Supermarket Group, discusses how JD.com’s omnichannel business has evolved in recent years, the impact of COVID and ways that Western brands could adopt to enter China. Prior to joining JD.com, Alexander worked at Mobvoi, McKinsey & Company, and IBM. His study background is in Global Affairs (Schwarzman College/Tsinghua University) and Inter...

China Resource Vanguard has expanded its strategic partnership with Dada Group, China’s leading local on-demand delivery and retail platform. Dada Group to provide an integrated fulfilment solution The expanded partnership will focus on omnichannel fulfillment, product management, user operations and marketing. JD Daojia will provide CR Vanguard with integrated fulfillment solutions, ...

Autonomous warehousing is playing an increasingly important role in a post-COVID world as customers raise expectations of home delivery. Here is an essential guide to autonomous warehousing process that brands and retailers need to know, using JD.com as the best-in-class example. Advantages when dealing with unexpected The technical advantages of autonomous warehouses became apparent during...

JD.com, one of China’s leading ecommerce company, announced its unaudited financial results for the three months and six months ended 30 June 2020 this week in Beijing. Second quarter 2020 highlights Net revenues  for the second quarter of 2020 were CNY201.1 bn (US$28.5 bn), a 33.8% year-on-year (YoY) increase Annual active customer accounts  increased by 29.9%YoY to 417.4m in the t...

The ecommerce giant launched a new format, known as Mini Shop, in Xi’an, Shaanxi province, China in July. Focusing on self-service shopping experience With a store size of 15 sq m, the new store provides a self-service shopping experience. The target shoppers are office workers in nearby buildings. The range mainly consists of ready-to-eat food, beverages, snacks and stationery. Customers c...

Li & Fung, which trades convenience chain Circle K in Hong Kong, announced a strategic investment from JD.com to further develop its digital supply chain. The “supply chain of the future” Li & Fung has been working on creating the “supply chain of the future”, which is centred around speed, innovation, and digitalisation, and aims to help its customers navigate the digital economy. JD.co...

CR Vanguard and Dada Group have strengthened their strategic partnership in China. Boosting delivery and omnichannel services The two businesses will deepen cooperation in many areas, including omnichannel, product management and marketing. CR Vanguard’s store on the JD Daojia (a subsidiary of Dada Group and JD.com) platform will be connected to JD.com. JD Daojia will continue to support...