JD.com news

17 November 2016
JD.com, the second largest ecommerce player in China has reported a 38% growth in revenue to US$8.9bn for the third quarter. Strong performance Total gross merchandise volume reached nearly $24 billion in Q3, marking 43% year-on-year growth. The number of annual active customer accounts was 199 million, growing 57% year-on-year. Excluding virtual items, JD.com fulfilled over 401 million on...
03 November 2016
Shirley Zhu, Programme Director IGD Singapore, assesses four of the major opportunities for online grocery retailing in Asia. Nature of ecommerce in Asia is changing Asia is the largest ecommerce region in the world and home to many ecommerce giants such as Alibaba, JD.com, Flipkart and Rakuten. Despite the fast-moving nature of the food and grocery industry, it has been slower than some...
31 October 2016
Amazon Prime offers unlimited cross-border shipping in China Amazon has launched a version of its Prime membership program to its customers in China, which includes free, cross-border shipping from the Amazon Global Store as well as no minimum free domestic shipping. Tailored to Chinese shoppers The Chinese version of Prime is focused solely on shipping, and is the "first-ever membership...
26 October 2016
As Singles' Day approaches, ecommerce giants in China, Alibaba and JD.com are gearing up for the biggest online shopping day globally, which brought in billions of dollars last year. Alibaba: more opportunities to engage shoppers globally Alibaba has extended the 24-hour event to a 24-day online sales extravaganza, running from October 21 to November 13. Alibaba has also revealed its m...
24 October 2016
Walmart China has launched a flagship store on JD.com and revealed two strategic investments in Dada, a logistics and grocery O2O e-commerce platform, and China food safety research. Walmart opens flagship store on JD.com Walmart has opened its flagship online store on JD.com to deliver imported products to mainland China’s consumers. Drawing on JD.com’s logistic network, Walmart online...
16 August 2016
Dairy Farm has completed the acquisition of a further 286,934,440 shares in Yonghui for US$190 million in order to keep its share of Yonghui at 19.99%. The acquisition The acquisition, which is alongside an acquisition by JD.com of a 10% interest and by Mr. Zhang Xuansong, the Chairman of Yonghui, of a 2% interest, shows Dairy Farm's commitment to the Chinese market. The co-operation with...
11 August 2016
Chinese e-commerce giant JD.com’s first half revenue growth represents a 42% YoY increase, while its annual active customer account number of 188.1 million has grown by 65%. Growth rate flattened JD.com sees sales rise 42% to RMB65.2b (US$9.8b) for the quarter. The revenue for the second quarter of 2016 is within company forecasts, even as the growth rate continues a steady decline that is ...
30 June 2016
In this roundup we look at the global partnership between Alibaba and Mars Inc, the launch of a British Mall on JD.com, as well as a new agreement Alfamart has signed with Tokopedia. Mars teams up with Alibaba Mars Inc has revealed that it will form a global strategic partnership with China’s e-commerce giant Alibaba. This expands on the successful tie-ups Mars has built with Tmall, Al...
20 June 2016
Walmart and JD.com, China's second largest ecommerce operator, are forming a strategic alliance covering a wide range of business activities, covering online and offline retail. This includes the sales of certain assets relating to the Yihaodian marketplace business. Walmart determined to win in its fourth largest international market Walmart first entered China in 1996, with the market hav...
02 February 2016
In this round up we look at expansion plans, online market size prediction as well as partnership news from three online retailers in Asia. RedMart: raising US$100m for expansion RedMart, a Singapore-based online grocery retailer, is reported to be in the advanced stage of discussions related to closing a US$100m investment which will fuel its expansion in Asia. Established in 2011, ...