Chinese e-commerce giant JD.com has had an excellent 2019. Turnover grew 25 %, while losses were turned into full-year profits again as it managed to keep costs under control.
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JD.com has its eye on the port of Zeebrugge as a springboard to Europe. The Chinese e-commerce player, which mainly focuses on logistics, visited the port together with Flemish prime minister Jan Jambon.
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Two big names in Asian e-commerce are working together: Chinese JD.com and Japanese Rakuten have signed an agreement to start using technology developed by JD.com, such as drones and robots, in Rakuten's unmanned delivery solutions in Japan.
The award-winning book, written by RetailDetail's very own Jorg Snoeck and Pauline Neerman, continues its conquest. Following the successes of the Dutch, English and French version, there is now also a translation in Chinese.
Chinese e-commerce giant JD.com needs to regain investor confidence and announced a major restructuring. In addition, the European expansion plans are also threatened: the future of a planned office in Germany has become very unsure.
Chinese internet giant JD.com wants to expand to Italy: the Milan office would be the second European office in a short period of time for Alibaba's great rival.
JD.com has announced plans to open some 1,000 convenience stores per day across China. With this impressive target, the country’s second-largest e-commerce company is giving speed to its ambitions of expanding into the offline market.
Chinese online retailer JD.com has grown strongly in 2017: turnover grew nearly 50 % and it was profitable again. The company also expects to exceed a 30 % growth pace in 2018’s first quarter.
Chinese online giant JD.com wants to create a store chain without cash registers in China. This will co-exist alongside its high-tech 7Fresh supermarket chain, which opened its doors late last year.
Chinese JD.Com has plans to conquer Europe soon, which would make it a serious competitor for Amazon. The web shop’s first European market will most likely be France.
The future of food retail is to be found in China. Following Alibaba, major competitor JD.com has also opened its technologically advanced supermarket: 7Fresh uses eCommerce technology and aims to open 1,000 stores.
JD.com’s third quarter turnover grew 39.2 % compare to the year before. The Chinese company, partially owned by American Walmart, also became profitable this time around.
Chinese JD.com will build the largest Chinese logistics network for drones after reaching a deal with the Shaanxi province’s board. Some drones should even be able to carry 1,000 kilos.
Chinese JD.com’s first quarter surge, exceeding 40 %, is entirely thanks to Walmart, which owns 11 % of the Chinese eCommerce company.
In order to conquer the huge Chinese market, Walmart is counting on its strategic partnership with JD.com, while Amazon and Alibaba have found each other as well. A battle of the titans has erupted, and not just in China.