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Tag: JD

  • JD outlines aggressive expansion strategy for Mainland China

    JD outlines aggressive expansion strategy for Mainland China

    Chinese e-commerce giant JD is planning on a widespread store network expansion within five years.

    The firm will open 20 E-Space experience stores in first-tier cities, 300 home-appliance flagship stores in prefectural-level cities and 5000 stores in towns and villages by 2025, according to the firm’s senior VP Yan Xiaobing.

    Yan made the announcement at a press conference marking the completion of JD’s full acquisition of home-appliance chain 5Star, commenting that the complete store network “will create a new offline JD”.

    The E-Space stores, known for allowing consumers to try anything in store, will be 50,000–100,000sqm in size, while the home-appliance stores will be 10,000–20,000sqm each.

    5Star, to be renamed JD 5Star, is the third-largest home-appliance chain in the territory, with annual sales of more than US$2.6 billion.

    “The Covid-19 pandemic took its toll on the home appliance industry in the first of this year,” said China Household Electrical Appliances Association director Jiang Feng. “JD’s acquisition of 5Star could play a key role in driving the industry’s transformation.”

  • Li & Fung Partners with JD.com to Accelerate Development of Digital Supply Chain

    Li & Fung Partners with JD.com to Accelerate Development of Digital Supply Chain

    Li & Fung, today announced a strategic investment of US$100 million from JD.com , with newly issued capital to further develop its digital supply chain. The Fung Family will continue to retain control of the Company with 60% of the voting shares.

    Li & Fung has been on a journey to create the Supply Chain of the Future and the strategic cooperation with JD will accelerate this development with a proven digital partner. Li & Fung will also grow its business in China by partnering with JD on private label initiatives for the China domestic market by leveraging its global network and digital supply chain. With the strong partnership between the Fung Family and Singapore-headquartered GLP Pte Ltd., and now the addition of JD, Li & Fung will be able to leverage its scale and digital capabilities to continue its journey of creating the end-to-end digital supply chain.

    As China’s leading technology-driven e-commerce company, JD is transforming to become the leading supply chain-based technology and service provider, which fits well with Li & Fung’s goal of creating the Supply Chain of the Future. JD has been developing proprietary supply chain technologies for many years and has created digital retail and supply chain platforms that are fully integrated to support its omnichannel strategies.

    Amidst the continuing digital disruption to retail and the ongoing global trade tensions, compounded by the dramatic impact of Covid-19, the global retail supply chain has become more and more complex. With the breadth and depth of its global sourcing and production ecosystem, pan-Asia logistics network, and industry-leading digital product development capabilities, Li & Fung is helping global retailers and brands navigate a highly uncertain and ever-changing macro environment.

    Spencer Fung, CEO of Li & Fung, said: “Our goal to create the Supply Chain of the Future and to improve the lives of one billion people in our global supply chain remains more relevant than ever in this turbulent world. The partnership with GLP and the addition of JD will be instrumental in further strengthening Li & Fung.”

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  • Crazy Sports to open lottery franchises inside JD convenience stores

    Crazy Sports to open lottery franchises inside JD convenience stores

    Chinese internet firm V1 Group has partnered with Suqian Jingdong to introduce sports-lottery retailing into JD Convenience Stores within the territory via its subsidiary Crazy Sports.

    The convenience-store chain has been established by JD New Markets by upgrading and rebranding traditional outlets across China and installing a uniform store image, store management, facilities configuration, service standards, product planning, and logistical delivery.

    The new partnership will see sports-lottery terminals installed in JD convenience stores throughout the mainland. The brand is targeting expansion into rural villages, towns, and counties, expanding the sports-lottery business to third- and fourth-tier cities and towns.

    Crazy Sports has additionally signed agreements with other convenience-store chains, including Shenzhen China Resources Vanguard , Dalian Lianhua Quik, and Shanghai 007. It already partners with 12 chain enterprise lottery sales channels, including Guangdong 7-Eleven, Bianlifeng, Haolinju, and Jiajiayue.

    “Crazy Sports is very honored to be in this cooperation with JD to bring lottery new retail services into JD Convenience Stores,” said V1 Group joint COO Peng Xitao, “which will not only facilitate sports lottery users to purchase sports lottery tickets easily but also strengthen the development of Crazy Sports’ offline physical sports lottery sales network, thus expanding our user base.

    “Looking forward, Crazy Sports will continue to form partnerships with different parties and establish more chain enterprise sales channels and ‘365 Smart Stores’ to attract more offline traffic, which could then convert into online users to propel the development of our sports lottery new retail business, and seize the huge potential of the upcoming major sports events.”

    Crazy Sports intends to provide lottery sales and related services for sports enthusiasts and act as an entry point for the brand’s lottery recommendation services “Crazy Red Insights” to form a closed-loop commercial system.

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  • JD Worldwide to introduce more Korean brands in China

    JD Worldwide to introduce more Korean brands in China

    JD Worldwide has teamed with LG and Korea International Trade Association (KITA) to introduce more Korean brands to Chinese customers.

    “The epidemic has encouraged more Chinese consumers to shop online. With this trend, we will put more effort into helping South Korean brands export to China through e-commerce platforms,” said Park Min Young, chief KITA Beijing representative.

    Under the partnership, LG will be responsible for supply-chain management to provide South Korean products to JD while KITA will support SMEs entering Chinese market.

    “Since the epidemic, we have been working closely with organizations and enterprises from all over the world to introduce more international brands on JD,” said Frank Yu, head of marketing and operations at JD Worldwide

    “We believe this partnership will not only help brands find a new sales channel during this challenging time, but also bring more high-quality, authentic Korean products to over 380 million JD customers.”

    In May, more than 250 Korean brands joined a recruitment conference for the launch on JD Worldwide.

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  • JD and Sony testing AR foot-measurement tool for online shoppers

    JD and Sony testing AR foot-measurement tool for online shoppers

    Chinese online e-commerce platform JD and Sony Semiconductor Solutions are working together to develop AR technology to measure foot size online.

    The JD and Sony solution requires customers to use their smartphone equipped with a distance-detecting camera and scan the front and sides of their feet in order to take an accurate measurement. The camera works by calculating the time it takes for a signal to bounce off the foot and return to the sensor.

    JD launched an AR feature on its app earlier this year for online customers to virtually try on shoes, a function is now available for more than 1000 sneaker SKUs on the platform and which is also available to external partners as a service, along with the firm’s other AR applications.

    “We hope to use innovations in technology to give all consumers equal access to efficient and convenient purchase and service,” said JD’s head of AR/VR Mingqiang Ye.

    “JD will continue to promote innovations in the area of AR and benefit both our customers and industry partners.”

    The firm is now planning to further develop its AR offerings in additional scenarios such as AR skin evaluation and AR live streaming.

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  • JD and Kuaishou to launch live-streaming partnership

    JD and Kuaishou to launch live-streaming partnership

    Chinese e-commerce giant JD has launched a strategic partnership with video sharing and live-streaming platform Kuaishou.

    The partnership, which focuses on the supply chain, will allow Kuaishou users to purchase products provided by JD without leaving the Kuaishou app, and enjoy fast delivery and after-sales service provided by JD.

    The two firms are launching their first large-scale promotional event on Kuaishou’s platform today, as celebrities and more than 100 well-known Kuaishou KOLs conduct promotions via live streams.

    JD is providing substantial discounts on a range of popular items for today’s promotion, including Apple iPhones and iPads; Chinese Moutai liquor; Nintendo Switches, Estee Lauder essence, and Mac lipsticks, among others.

    Apart from celebrities and KOLs, all anchors on Kuaishou are able to sell the products in their live streams and short videos.

  • Muji convenience-store concept trials at JD HQ

    Muji convenience-store concept trials at JD HQ

    Following the launch of Muji Hotel and Muji Infill (a home-renovation service) in China, the Japanese home and lifestyle retailer has branched into convenience retailing.

    Located inside JD’s Beijing headquarters, the Muji convenience-store concept, called Mujicom, takes up 605sqm and has 71 seats for dining.

    Stocking essential daily goods along with books, food, and beverages, the store serves employees of JD.

    The Muji convenience store actually made its initial debut at Musashino Art University in Tokyo with an additional workshop space for students to use as a working and creative collaborative space.

    The retailer is set to open three new stores in China this month atop of Mujicom, including outlets at Hangzhou and in Shenzhen Airport.

    Muji also recently opened its largest Hong Kong flagship store, expanding its food and catering range with fresh-baked goods and a new coffee and tea bar.

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  • JD plans US$4.05 billion Hong Kong exchange listing

    JD plans US$4.05 billion Hong Kong exchange listing

    Chinese e-commerce giant JD is looking to raise up to US$4.05 billion in a secondary share listing in Hong Kong.

    The new 133 million shares, priced at $30.45 each, most likely will make the listing among the largest in the territory this year.

    US regulations for Chinese firms listed in the US may tighten, with one bill in the US Congress proposing delisting Chinese firms that do not submit to substantial auditing requirements. JD is listed in the US on the Nasdaq.

    The company will start taking investor orders around this Thursday, with the listing set for June 18 to coincide with its annual shopping festival.

    Joint sponsors of JD’s Hong Kong listing include Bank of America, UBS Group and CLSA.

  • JD.com fosters local stalls and small stores in China

    JD.com fosters local stalls and small stores in China

    Chinese e-commerce giant JD is moving to stimulate small and medium enterprises nationally by providing supply chain and service support for the employment of more than 5 million people.

    The firm is accumulating around 50 billion goods as a part of its “Spark” economic support plan designed to benefit SMEs, stall owners, and shopkeepers.

    The plan is focused on three areas: ensuring supply, assisting operations, and promoting employment. The firm will also provide each small shop with US$14,000 in interest-free credit to make purchases.

    “JD has already comprehensively accumulated rich experience in supporting the ‘stall economy’ and the ‘small shop economy’,” said JD Retail CEO Lei Xu. “The impact of the epidemic will accelerate the digital transformation of the real economy, and stalls and small shops are no exception. JD has both the ability and the responsibility to use digitization to support and make the economy of small stalls and shops more dynamic, helping to further invigorate the overall economy and stabilize employment.”

    JD is now set to work with nearly 10,000 brand manufacturers and more than 4000 joint warehouses to provide offline retailers with access to low-cost, high-quality supplies. The firm will also help offline retailers to expand their online operations.

    In poor regions, JD will provide flexible employment, work-from-home, and farm-to-table opportunities including positions such as logistics order collection, warehouse management, inventory management, and packaging. It will also establish start-up projects and provide support in the fields of catering retail, regional logistics agencies, and freight transportation.

    Data collected by the company shows that, right before its 6.18 promotional event this year, the transaction volume of JD New Markets in Beijing, as well as Hubei and Anhui provinces increased more than fivefold. The number of orders placed on the JD Convenience Store Go mini program was more than 10 times the previous daily average.

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  • Alibaba and JD launch 6.18 mid-year shopping promo marketing

    Alibaba and JD launch 6.18 mid-year shopping promo marketing

    Alibaba and JD launched their annual 6.18 mid-year shopping festivals, which mark China’s largest online retail promotion since the outbreak of Covid-19.

    Within hours, JD heralded a 400-per-cent year-on-year increase in sales of luxury fashion goods, with sales of Ferragamo, Hugo Boss, Lancel and MiuMiu all up by more than 300 percent.

    Alibaba also reported increased interest from luxury labels, with close to 180 participating, including Cartier, Chanel, Burberry, Balenciaga and Montblanc.

    Within the first 10 hours of the campaign, total gross merchandise volume (GMV) jumped 50 percent over last year at Alibaba. Cosmetics and home appliances proved particularly popular, their GMV doubling over last year.

    Alibaba’s campaign included issuing US$1.96 billion worth of digital coupons in advance of the event to boost purchasing.

    More than 100,000 brands on Alibaba’s Tmall are participating in the 6.18 event – nearly twice the number of last year, including tech giant Apple. Five hours into the campaign, Apple sold more than $70 million worth of products.

    “Online consumption has seen a post-pandemic revival since March, and the sales rebound that we have observed on Taobao and Tmall has been very encouraging,” said Liu Bo, GM of Tmall and Taobao marketing and operations.

    Both Alibaba and JD say sales of luxury products have been increasing steadily since the pandemic.

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  • JD Central launches giant online sale in Thailand

    JD Central launches giant online sale in Thailand

    JD Central launches its giant online sale ‘618 Super Joy Shopping Fest’ in Thailand today. The shopping festival starts with a pre-sale campaign, offering discounted products from more than 6500 brands. The Super Flash Sale offers exclusive products for US$19.40 during the campaign, with items as low as 3 US cents from June 18-20.

    “618 is the largest annual shopping festival of our parent company JD,” said K Rvisra Chirathivat, CMO of JD Central. “We will continue to expand it with the 618 Super Joy campaign in Thailand, which brings to customers 100-per-cent authentic brand products with special prices.”

    According to Chirathivat, the online sales campaign is to help people enjoy shopping after the loosening of the Covid-19 lockdown measures and stimulate domestic economic circulation.

    The JD Central 618 Super Joy Shopping Fest will run until June 20.

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  • JD invests US$100 million in Gome Retail

    JD invests US$100 million in Gome Retail

    Chinese e-commerce giant JD has made a strategic investment in Gome Retail, buying US$100 million of convertible bonds.

    Gome Retail is one of China’s largest electronic retailers. The company is in the midst of a major transition and restructure from a brick-and-mortar-dominated format into a multichannel digital business anchored around its online platform. It is also expanding its physical store network into low tier cities and rural locations across China.

    Gome had already opened a flagship store on the JD site and the two companies say the financial tie-up will strengthen the cooperation between them.

    In the next step of their alliance, JD and Gome Retail will look to use their respective online and offline strengths to achieve more synergies, including integrating their supply chains and sharing logistics and installation functions, and other business-related aspects such as financial services.

    During the last year or so, JD has invested in Five Star, D Phone, Lecoo and other businesses in the electronics retail space, creating diversified formats, such as JD E-Space, JD Computer, and Digital Products Stores and JD Home Appliance Experience Stores.

    “The strategic cooperation with Gome not only marks the acceleration of JD’s integration and opening up, but also represents the company’s commitment to promoting an ecosystem approach by relying on its infrastructure, including supply chain, logistics, and technology,” the company said in a statement.

    “It also represents JD’s commitment to work together with partners for more efficient and sustainable development.”

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  • cand JD use big data to design ‘C2M Mobile Phone’

    cand JD use big data to design ‘C2M Mobile Phone’

    Chinese e-commerce giant JD and device manufacturer Xiaomi sold 10,000 units of a jointly-produced mobile phone within 11 minutes.

    The Redmi K30 5G Racing phone was developed by Xiaomi based on customer insights generated from big data provided by JD. Sales volume passed RMB2 million (US$280,500) within two minutes, with the unit price at RMB1999 ($280).

    More than 20,000 phones were sold within the day.

    JD’s data revealed that most customers within the price range were females with higher educational backgrounds and above-average demand for device functions and CPU. The phone was designed with an upgraded CPU and with a mint green color tone, shown by the data to be more attractive to female customers. JD’s data also supported the marketing strategy of the product, targeting around 1.2 million customers likely planning to replace their phones within two months.

    “We have great confidence in the new C2M product,” said Xiaomi China VP Weibing Lu. “JD has been an important partner for Xiaomi, and we will work closely with JD on more C2M products in the future to better serve our customers.”

    “JD has been continuously working on C2M products with our brand partners, and the Redmi K30 5G Racing version is the collective effort of JD, Xiaomi, and Qualcomm,” said JD Mobile Devices president Daniel Tan.

    “C2M enables customers’ demands to directly reach upstream supply chain players, helping to optimize supply chain efficiency and reduce costs. This model enables us to keep improving the shopping experience.”

  • JD sells ten thousand tons of fresh products in a week

    JD sells ten thousand tons of fresh products in a week

    Chinese e-commerce giant JD has registered sales of 27,000 tonnes of fresh products during its Foodie’s Carnival online shopping event, including 4531 tonnes of imported fresh food.

    The week-long online festival brought together more than 6000 global brands selling in excess of 1 million seasonal fresh products. The JD Fresh platform also took on a 168-per-cent increase in new users compared to the same period last year.

    The top three products in terms of sales volume during the event were shrimp, beef, and ice cream, while sales in 10 categories increased 200 percent year on year.

    During the promotion, more than 10 million eggs, 17 million crawfish, and 100 tonnes of imported fruits were sold. Durians, lychees, and blueberries were the top three best-selling fresh products among younger buyers under 25, who were shown to shop for quality and not be price sensitive.

    Special promotions were held for New Zealand and Southeast Asian fruit, as well as Norwegian seafood. The promotion also saw more than 3.3 million orders of products sold through JD’s National Fresh Produce Green Channel initiative aiming to aid Chinese farmers.

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  • Luxury brands thriving on JD during Covid-19

    Luxury brands thriving on JD during Covid-19

    Around 20 luxury brands have opened stores on Chinese e-commerce platform JD since the beginning of January, seeking new avenues for business against the backdrop of the global coronavirus pandemic.

    The onboarded brands include fine-leather goods house Delvaux, Chanel-owned jewelry brand Goossens, luxury cashmere specialist Barrie, British luxury leather brand Smythson, cashmere knitwear brand Pringle of Scotland, and international designer brands MSGM and Proenza Schouler.

    When Italian designer brand By Far launched its flagship on JD recently, 65 percent of its stock sold out after four days and about 90 percent of its products cleared after one month, according to figures released by JD.

    “The pandemic has affected many industries, and luxury is no exception. It has encouraged many luxury brands to attach greater importance to online,” said JD fashion-and-lifestyle president of international business Kevin Jiang.

    “JD’s supply chain advantages, and the support we provide, have attracted brands to deepen their partnerships with us. In the coming months, we plan to offer more innovative programs to help brands deal with the impact of the pandemic.”

    To date, more than 200 international luxury brands have established partnerships with JD.

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