JD.com news

01 November 2021
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...
21 October 2021
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...
06 September 2021
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...
24 August 2021
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...
02 August 2021
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...
18 June 2021
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...
20 May 2021
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...
24 March 2021
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 ...
11 March 2021
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...
23 February 2021
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 ...