JD.com news

16 June 2020
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 ...
03 June 2020
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...
01 June 2020
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...
22 May 2020
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...
20 May 2020
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...
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...