JD.com news

15 November 2022
The festival’s sales growth this year was estimated to be lower than previous years. Alibaba reported its gross merchandise value (GMV) was same as last year’s, While JD.com only mentioned that its GMV hit a record. However, sales from up-and-coming products and specific customers showed strong growth. Stable sales performance Despite the on-going effects of COVID in China, the key play...
02 November 2022
On 31 October 2022, CR NG Fung, one of Hong Kong’s biggest food distributors and producers, formed a strategic alliance with JD.com. The alliance will lead to CR NG Fung opening its first online flagship store on JD.com’s platform to promote its food grocery products. Expanding sales networks Having opened its official online store on JD.com’s platform, CR NG Fung can easily promote its p...
17 October 2022
China’s leading on-demand delivery service operator, Meituan, has partnered with convenience chains to launch its first around-the-clock on-demand delivery service. Boosting sales momentum The market for on-demand delivery has been dominated by three  companies, JD.com, Alibaba and Meituan. JD.com has a big share of this market, especially in the supermarket channel through its omnichanne...
27 September 2022
JD.com has introduced a new format of supermarket in Beijing that provides shoppers with a one-stop shopping experience. A combination of shopping and recreation This new supermarket format, under the banner of "Seven Fresh", which is the third generation of its development, aims to provide shoppers with a one-stop shopping experience that combines the concept of shopping and recreation. ...
27 June 2022
From social shopping to a metaverse mall, we highlight five new initiatives and innovations debuted to inspire shoppers and help merchants during this big shopping festival. Inspiring by innovation and new user experience Alibaba’s Taobao unveiled a “Metaverse Mall” in the festival where shoppers were able to use a mobile phone to guide their avatars and do virtual reality shoppin...
27 June 2022
This year the 618 shopping festival generated a total sales revenue of RMB 695.9bn (USD 103.8bn) through ecommerce channels (excluded quick commerce and community group buying), reports Syntun. This is an increase of 20.3% year-on-year, but down 6.2% compared to the previous year's 26.5% sales growth. Besides driving sales through slashing prices and discount coupons, what significant findings...
06 June 2022
JD.com achieved double-digit revenue growth, while Alibaba maintained a significantly stronger operating margin. Performance highlights Revenue Alibaba’s Q4 results (three months ending 31st March 2022) reported revenue of RMB 204bn (US$ 32.2bn), up 9.0% year-over-year, but down 15.9% on the previous quarter. Over a third of this was driven by direct sales, including through Fresh...
26 April 2022
Dada’s autonomous delivery open platform helps offline stores improve efficiency and reduce costs of delivery at the 415 Intra-City Shopping Festival in China. A smart delivery solution empowers quick commerce Dada Group, a leading platform for local on-demand retail and delivery in China, partnered with JD.com, China's leading one-stop ecommerce platform, to organize the 415 Intra-City S...
14 March 2022
JD.com reports a loss of CNY3.6bn (US$0.6bn) attributable to shareholders and a net income of CNY49.4bn (US$7.8bn) for 2022.   Slowing economic growth China has announced a slower GDP growth of 5.5% this year compared to 8.1% last year. JD.com’s latest results came after Alibaba Group posted its lowest ever quarterly revenue growth, a year-on-year increase of 10% to CNY275.9bn (US$43.4bn). ...
29 November 2021
JD.com’s grocery chain, SEVEN FRESH, has opened three stores in November, all in Greater Bay area. Expanding presence in Greater Bay area On 26 November, JD.com opened the fifth SEVEN FRESH store in Shenzhen, with an area of 2,000 sq m. The retailer also opened another two in the same month, expanding the banner’s presence in the Guangdong–Hong Kong–Macau Greater Bay area. The new store ...