JD.com news

Jonathan Wang, the head of JD.com’s 7FRESH, shared his view at the "2020 China Community Business Annual Meeting" organized by the China Chain Store and Franchise Association (CCFA) last week. The main points are summarized here in this article. Driven by urbanisation From the perspective of China’s social structure, community stores are typically defined as those within the life circle of ...

Alibaba and JD.com handled US$136.5bn of sales through their platforms during 6.18, an annual online shopping festival in China that runs from 1 st June to 20 th . Strong numbers show retail is recovering For 6.18, Alibaba achieved gross merchandise value (GMV) of CNY698.2bn (US$98.5bn), over double what it achieved on Singles Day (2020 11.11) last year, which posted record GMV of CN...

To understand how autonomous warehouses allowed JD.com to respond quickly to uncertainties and fluctuations in product availability and consumer demands during the COVID-19 crisis, IGD conducted a collaborative research project with JD.com. Extracts from the full report are shared here in this article. Technical advancements that enabled JD.com to respond quickly during COVID-19 JD.com’s ...

The annual 6.18 Mid-Year Shopping Festival was kicked off on 1 June, which is China’s largest online retail promotion since the outbreak of COVID-19. Equivalent to 11.11 Singles Day The event, which runs until 20 June, was launched by JD.com 17 years ago as the anniversary of JD.com. Since then, it has become an online shopping festival for major ecommerce players. It is the equivalent to...

The Chinese ecommerce giant and Gome Retail, one of China’s largest electronics chains, announced a strategic partnership with JD.com buying US$100m worth of convertible bonds in Gome. Further deepening of the collaboration The announcement of the strategic partnership between JD.com and Gome Retail is a further deepening of the cooperation between the two sides after Gome’s flagship sto...

JD.com’s recent Foodie’s Carnival shopping event saw 27,000 tons of fresh products sold in just over one week, including 4,531 tons of imported fresh goods. Brought together more than 6,000 global brands The online festival, held between 11 and 17 May, brought together more than 6,000 global brands selling in excess of one million seasonal fresh products. The highlights are: Increa...

Following the outbreak of Coronavirus (COVID-19) in January, retailers in China have responded with urgency and empathy as the situation evolves - we will continue to update this article with the latest developments... May updates Second lockdown: the cities of Jilin and Shulan in Jilin province, with more than five million populations, have been put on lockdown since mid May after the...

JD.com reported net revenues of CNY146.2 bn (US$120.6 bn) for the quarter ended  31 March 2020 , an increase of 20.7% year-on-year (YoY). Significant KPI (key performance indicator) increases Net revenues : CNY146.2 bn (US$120.6 bn), +20.7%YoY Net service revenues: CNY16.1 bn ( US$2.3 billion ), +29.6%YoY Annual active customer: total of 387.4m users in the twelve months en...

JD.com’s Big Data Research Institute has published data showing how the pandemic led to clear shifts in consumption during different phases of the outbreak. Changes in consumption over recent months JD.com’s data shows how the pandemic has impacted on shopping behaviour: January: explosive demand for food and disinfectant (data from 24 January to 31 January) Sales of fresh ...

Yonghui has posted another strong set of annual results, with total revenue increasing 20.4% to CNY84.8bn (US$11.9bn) for the year ending 31 December 2019. National coverage of China Despite increasing competition and the market’s slowdown in growth, Yonghui continues to be the fastest growing bricks-and-mortar retailer in China. To maintain growth, it continues to develop innovative format...