JD.com news

15 May 2020
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...
06 May 2020
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 ...
06 May 2020
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...
05 May 2020
The Chinese technology conglomerate launched Xiao’e Pinpin, a mini program for social commerce on WeChat on 29 April. “ Nothing beats than a great purchase ” Tencent’s Xiao’e Pinpin is a group purchasing platform. It was launched with the slogan “Nothing beats than a great purchase”. Supported by Tencent’s WeChat ecosystem, the app has the potential to reach 1.1 billion users of different s...
23 April 2020
We round up the latest updates from JD.com in China. Convenience + Bakery, C2M and Partnerships 7FRESH has signed a strategic partnership with Fook, a Fujian province-based convenience store chain. Read more about the story here The first JD Convenience Store offering an in-store bakery has opened in Beijing. Products such as doughnuts and bread are baked onsite at the store. Th...
14 April 2020
Following the outbreak of Coronavirus (COVID-19) three months ago, retailers in China have responded with urgency and empathy as the situation evolves - we will continue to update this article with the latest developments... w/e 12 April updates The country has lifted lockdown measures by end of March and is working return to a state approaching normalcy : Alibaba helping differ...
31 March 2020
Following the outbreak of Coronavirus (COVID-19) three months ago, retailers in China have responded with urgency and empathy as the situation evolves - we will continue to update this article with the latest developments... Contactless delivery Remote drop off : customers of all major retailers, including Walmart, Carrefour, Alibaba and JD.com,  can have their orders delivered touch-...
24 March 2020
The retailer launched the service on 21 March to support the global efforts to limit the impact of the virus. Sharing invaluable frontline experience The service is an upgrade of its Chinese-only medical consultation platform, launched a few days earlier on 17 March, which has received more than 50,000 consultation requests and more than 3.2m visitors. The upgraded version has the follow...
16 March 2020
China’s top offline household appliance retailer partners with JD.com, a move underscores a shift in China’s retail industry. Leverage each other’s strengths Gome, China’s major brick-and-mortar retailer of home appliances and electronics, launched a third-party flagship store on JD.com last week. Gome, with a net revenue of US$9bn in 2019, sells high end products that would be tradition...
04 March 2020
China’s leading ecommerce company announced that Sandy Xu has been appointed new chief financial officer of the company. Handing over process begins in June Sandy Xu, currently Senior Vice President of JD.com and CFO of JD Retail, will succeed Sidney Huang as the Chief Financial Officer of JD.com and report to Richard Liu, Chairman and Chief Executive Officer. Mr. Huang, Chief Financial ...