JD.com Announces JD Museum

Posted on by April Chai

Shenzhen, China, January 20, 2026 — JD.com announces the JD Museum, an institution for contemporary visual and performing arts and culture, opening in late 2027, in the new headquarters of JD.com, situated in the Shenzhen Bay Super Headquarters Base.

The Museum will be established in a building designed by Büro Ole Scheeren, described as a “Scenic City”, with spatial design by Neri&Hu Design and Research Office. Encompassing more than 10,000 square meters, the Museum will have dedicated facilities for live performances, immersive installations, exhibitions, participatory workshops, and creative retail.

Mission: From Shenzhen to the World, Connecting People through Art and Technology

Rooted in JD.com’s mission of “Making Lives Better through Technology,” JD Museum is dedicated to connecting people through art and technology. The Museum will engage with and support a community of artists and audiences in achieving excellence and cultivating shared values, modeling a lifestyle of the future through exhibitions, education, research, publishing, commissioning and collecting.

At the heart of the Greater Bay Area (GBA) and with the full support of JD.com, JD Museum’s program will focus on art as a cross-disciplinary experience. In addressing the pressing issues of today—technology, ecology, urbanism—through a balanced approach to technological progress and tactile human experience, the Museum will emphasize the work of translation and presentation, promoting accessibility to young people and the local community.

Leadership: Robin Peckham Announced as Executive Director

Under the direction of the museum committee, JD Museum is led by Executive Director Robin Peckham, heading a dedicated Shenzhen-based team.

Peckham is a curator and editor who has served as Co-Director of Taipei Dangdai Art & Ideas (2019-2025) and Editor-in-Chief of LEAP, the international art magazine of contemporary China (2014-2019). He has organized exhibitions on art, technology, popular culture, and the family for Ullens Center for Contemporary Art, Fosun Foundation, and K11 Art Foundation, with his show “Art Post-Internet” listed by ARTnews as one of the 20 most important art exhibitions of the 2010s.

“I am thrilled to help launch a new cultural chapter for a company that is already one of the most fascinating stories in the development of the Chinese technology sector,” says Peckham. “Shenzhen feels like the most exciting place in the world to explore the intersection of art and technology right now.”

2026 Public Programs: Unboxing JD Museum

In the two years prior to its official opening in Shenzhen, JD Museum will introduce itself to the world in the form of “Unboxing JD Museum.” This community art initiative will invite creative input from artists, curators, architects, and the JD.com community — including employees and their families and friends. It will take the shape of a pop-up workshop and exhibition series utilizing JD.com’s iconic delivery boxes. Further details on the open call, exhibition tour, and employee participation initiatives will be announced later in 2026.

 

About JD.com

JD.com (NASDAQ: JD and HKEX: 9618), also known as JINGDONG, is a leading supply chain-based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries. JD.com’s business has expanded across retail, technology, logistics, health, industrials, property development and international business.

JD.com is ranked 44th on the Fortune Global 500 list and is China’s largest retailer by revenue. The company has been listed on NASDAQ since 2014, and on the Hong Kong Stock Exchange since 2020. Committed to the principles of customer first, innovation, dedication, ownership, gratitude, and integrity, the company’s mission is to make lives better through technology, striving to be the most trusted company in the world.

 

Media Contact:

JD Museum

Email: museum@jd.com

Website: museum.jd.com

Posted in ESG

Coocaa Roku TV Models Launch Exclusively on Joybuy

Posted on by April Chai

New Coocaa smart TVs powered by Roku bring the popular streaming platform to Joybuy customers in the UK

 

London, UK – 14 January 2026 – Roku, the pioneer in TV streaming, and Coocaa, the smart TV brand, have announced the launch of new Coocaa Roku TV models, now available exclusively on Joybuy in the UK. The new lineup combines Coocaa’s globally recognised smart-TV innovation with Roku’s intuitive streaming experience, included as standard. The new models deliver stylish design, vibrant picture quality, and an easy-to-use smart TV experience for UK consumers.

The new Coocaa Roku Smart TVs are available in 2K and 4K resolution, delivering outstanding value across the lineup. The 2K models come in 32″ and 40″, while the 4K UHD models include 43″, 50″, and 55″ options. All models feature Dolby Audio for immersive sound and HDR10 for brighter, more lifelike colours.

Coocaa brings fun and inspiration to the home with TVs designed to delight users through a combination of cutting-edge technology with quality and usability. In partnership with Joybuy, JD.com’s online retail business in Europe, designed to offer customers a faster, more convenient and joyful shopping experience, Coocaa now brings its latest Roku TV range to the UK market. Joybuy is currently in its beta testing phase and plans to launch in the coming months.

With the built-in Roku operating system (OS), viewers can access thousands of streaming apps, including BBC iPlayer, ITVX, Netflix, Disney+, Apple TV, The Roku Channel, and many more, alongside 40+ newly launched FAST channels. Designed for simplicity, the Coocaa Roku TV models feature seamless setup, automatic updates, and a personalised Home Screen for quick access to users’ favourite entertainment, making them ideal for any room in the home.

The UK launch builds on the introduction of Coocaa Roku TV models in Germany in 2023, marking the next phase of Coocaa’s European expansion. The collaboration continues to bring together Coocaa’s smart-TV expertise and Roku’s user-friendly streaming platform, offering UK audiences a choice of sleek, affordable televisions designed for effortless entertainment.

“The Roku OS offers a smart TV experience that’s fast, simple, and intuitive,” said Rob Woollard, Director of Retail Partnerships at Roku UK. “Partnering with Coocaa and Joybuy brings that experience to more households, combining Roku’s leading streaming platform with Coocaa’s design expertise and Joybuy’s commitment to speedy, reliable delivery and friendly 24/7 customer service.”

Matthew Doyle, Home Appliances Shop Manager, Joybuy said: “We are thrilled to bring the new Coocaa Roku TV range to customers in the UK through Joybuy. These TVs combine brilliant picture quality with Roku’s easy, intuitive streaming experience. For anyone looking to upgrade their home entertainment setup, this range is a must have.

“At Joybuy, we are passionate about connecting our customers with high-quality global brands through a shopping experience that is speedy, reliable and genuinely enjoyable. Partnering with Coocaa and Roku allows us to offer a TV lineup that feels fresh, accessible and perfect for family viewing over the festive season. We are excited to introduce this range and to help more households discover a smarter, simpler way to enjoy their favourite TV entertainment.”

The Coocaa Roku TV range is available now at Joybuy in the UK.

 

About Roku, Inc.

Roku pioneered streaming on TV. We connect users to the content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku-made TVs, Roku TV™ models, Roku streaming players, and TV-related audio devices are available in various countries around the world through direct retail sales and/or licensing arrangements with TV OEM brands. Roku Smart Home products are sold exclusively in the United States. Roku also operates The Roku Channel, the home of free and premium entertainment with exclusive access to Roku Originals, and the #2 app on our platform in the U.S. by streaming hours. The Roku Channel is available in the United States, Canada, Mexico, and the United Kingdom. Roku is headquartered in San Jose, Calif., U.S.A.

 

About Coocaa

Coocaa is a dynamic smart TV and consumer electronics brand dedicated to delivering innovative, user-friendly, high-value entertainment experiences to households around the world. With a strong focus on smart operating systems, connected living and stylish product design, Coocaa continues to expand its global presence through strategic partnerships and localised product offerings. The brand aims to make smart entertainment more accessible, enjoyable and inspiring for consumers of all ages.

For further information, please visit: https://coocaa.eu/

 

About Joybuy

Joybuy is JD.com’s online retail business in Europe, offering high-quality brands, delivered from its own warehouses to the customer’s doorstep, through a speedy and reliable network. Joybuy places the customer at the heart of everything it does. The Joybuy slogan “Don’t just buy, Joybuy”, perfectly captures the mission to fulfil customers’ needs and provide a service that is easy and convenient, but also enjoyable and fun.

Joybuy is currently in the beta testing phase and plans to launch in the coming months, when it will provide a more joyful shopping experience in the UK, Netherlands, Germany, France, Belgium and Luxembourg.

 

(josephniall.shaw@jd.com)

JINGDONG Property Signs Agreement for Grade-A Warehouse at the Special Integrated Logistics Zone, Riyadh

Posted on by Yuchuan Wang

Riyadh, December 30, 2025 – JINGDONG Property, the infrastructure investment and asset management arm of JD.com, Inc., today announced an investment in a new logistics facility at the Special Integrated Logistics Zone (SILZ) in Saudi Arabia. The project, which supports the objectives of the National Transport and Logistics Strategy, aligns with the Saudi Aviation Strategy and Saudi Arabia’s Vision 2030, underscoring JINGDONG Property’s long-term commitment to the Kingdom’s logistics and industrial development.

Located in the Riyadh Integrated Logistics Zone, Saudi Arabia’s first special logistics zone developed and operated by SILZ, the facility will be developed as a Grade-A warehouse. Just an eight-minute drive from the King Khalid International Airport (KKIA), the Kingdom’s busiest cargo airport, the new warehouse will benefit from direct access to global air routes via a bonded corridor positioning it as an ideal hub for air-cargo distribution. Its location, approximately 28 km (35 minutes) from Riyadh city center, will also enable fast and efficient urban delivery.

The facility will be operated by JINGDONG Logistics and designed to serve the growing demand for high-standard and advanced warehousing across sectors including consumer electronics, ICT and more, and will support air-freight transfers and rapid cross-docking. It will integrate JD.com’s proven automation systems and digital operations management technologies, with optimized internal traffic flows, well-planned access points, and supporting facilities to enhance operational efficiency and customer experience.

Once completed, the project is expected to create new employment opportunities, support regional industrial development, and contribute to sustainable economic growth through resilient, high-standard logistics infrastructure.

 

About SILZ

The Special Integrated Logistics Zone Company (SILZ) is the developer and operator of the first Special Integrated Logistics Zone in Saudi Arabia. Leveraging advanced technology and deep industry expertise, SILZ provides comprehensive and innovative logistics solutions. With a focus on efficiency and flexibility, it is setting new industry standards, contributing to the Kingdom’s economic growth, and offering a one-stop shop to companies looking to invest in the Kingdom and the region.

 

About JINGDONG Property, Inc.

JINGDONG Property, Inc., also known as JD Property, is a leading and rapidly growing modern infrastructure investment and asset management company of JD.com, Inc. Its business includes investment, development and asset management of logistics parks, business parks, data centers and others. As the cornerstone of JD.com’s supply chain ecosystem, JINGDONG Property is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure. As of September 30, JINGDONG Property manages more than 270 infrastructure projects in China and worldwide.

 

(yuchuan.wang@jd.com)

JINGDONG Property Announces Acquisition of Grade-A Logistics Asset in Leicester, the UK’s Logistics Golden Triangle

Posted on by Yuchuan Wang

Leicester, UK – December 22, 2025 – JINGDONG Property, a leading infrastructure investment and asset management company and a part of JD.com, Inc., today announced the acquisition of a logistics property outside Leicester. The portfolio includes two ‘big-box’ warehouses with an area of over 231,000 sq ft (~21,500 sqm) and an adjacent ‘oven-ready’ greenfield site that can be developed into modern industrial and logistics space of up to 678,000 sq ft (~63,000 sqm).

JINGDONG Property’s entry into UK began in 2022 with the acquisition of a 361,000 sq ft (~33,500 sqm) warehouse in Milton Keynes. With this new acquisition, the total warehouse footprint in the UK of JINGDONG Property will be expanded to nearly 3,930,000 sq ft (~365,000 sqm).

Strategically located in the UK’s logistics ‘Golden Triangle’ , close to Leicester the largest city in the East Midlands of England, the asset is well connected to the M1 and M69 motorways and offers access to a population of nearly one million within 20KM radius and 90% of UK population within 4 hours.

Kai–yan Lee, Regional CEO for JINGDONG Property Europe and the Americas said, “Our new UK investment strengthens JINGDONG Property’s investment footprint in the market, and reflects our long-term commitment to supporting regional economic development and enhancing the local supply chain ecosystem as one of the most active industrial and logistics investment managers in the market. The assets will benefit from JINGDONG Property’s strong expertise in developing, operating and managing industrial and logistics space, ensuring the delivery of best-in-class industrial warehousing infrastructure and services that support the evolving needs of both the existing and future occupiers.”

The newly acquired greenfield asset will be developed into a modern Grade-A logistics space, supporting occupiers seeking advanced, efficient, and well-located warehousing solutions. The existing warehouses have been developed to high ESG standards, featuring BREEAM Excellent and EPC A ratings, EV charging infrastructure, cladding insulation with a BREEAM Green Guide ‘A+’ rating, and the flexibility to install rooftop solar PV systems.

The transaction was supported by Dentons, as legal advisors, BDO who provided tax and corporate finance advisory services and Colliers who acted as technical adviser.

 

About JINGDONG Property, Inc.

JINGDONG Property, Inc., also known as JD Property, is a leading and rapidly growing modern infrastructure investment and asset management company of JD.com, Inc. Its business includes investment, development and asset management of logistics parks, business parks, data centers and others. As the cornerstone of JD.com’s supply chain ecosystem, JINGDONG Property is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure. As of September 30, JINGDONG Property manages more than 270 infrastructure projects in China and worldwide.

 

(yuchuan.wang@jd.com)

JINGDONG Property, EZA Hill And Major Institutional Investor Announce Acquisition of 1.9M Sq Ft Singapore Logistics Portfolio

Posted on by Yuchuan Wang

Singapore – December 19, 2025, JINGDONG Property, a leading infrastructure investment and asset management company and a part of JD.com, Inc, and EZA Hill Property Management Pte Ltd (“EZA”), a Singapore-based real asset business, and a global real estate private equity institutional investor, jointly announce the acquisition of a 1.9 million square feet (175,000 SqM) logistics portfolio in Singapore.

​The portfolio comprises four modern warehouses located in well-established logistics clusters across Singapore, supporting regional supply chains and the growing e-commerce fulfilment demand. The transaction follows the successful acquisition in 2023 of a 1.9 million square feet Grade A portfolio in Singapore, these five existing JINGDONG Property warehouses have been successfully leased to local and international tenants. The new investment significantly enhances JINGDONG Property’s presence in the thriving Southeast Asian logistics market where it currently owns assets in Singapore, Indonesia and Vietnam.

Richard Law, regional CEO and Head of Asia Pacific at JINGDONG Property said: ​“The acquisition reinforces our commitment to the Asia Pacific region and to Singapore in particular, a regional centre for high-quality logistics infrastructure. This new acquisition, follows our investment in 2023, and again demonstrates our long-term commitment to Singapore and our partners in the market. This add-on investment also affirms our ability to scale assets in partnership with institutional investors and support the growth of our fund management business.”

“This acquisition is a further testament to EZA Hill’s enduring partnership with JINGDONG Property and our shared commitment to long-term growth in the Asia Pacific region, by combining our local expertise with JINGDONG Property’s global standards, we continue to strengthen our Singapore portfolio with sustainable, high-quality logistics assets,” said Frank Ng, CIO of EZA Hill. “Together, we are building a firm foundation for continued collaboration, navigating the region’s market dynamics together, and delivering lasting value for our investors and partners.”

 

About JINGDONG Property, Inc.

JINGDONG Property, Inc., also known as JD Property, is a leading and rapidly growing modern infrastructure investment and asset management company of JD.com, Inc. Its business includes investment, development and asset management of logistics parks, business parks, data centres and others. As the cornerstone of JD.com’s supply chain ecosystem, JINGDONG Property is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure. As of September 30, JINGDONG Property manages more than 270 infrastructure projects in China and worldwide.

 

About EZA Hill Property Management Pte Ltd
EZA Hill is a real estate investment platform (www.ezahill.com) that invests, holds, and develops industrial, logistics, and business park real estate opportunities in Southeast Asia. Leveraging its proprietary industry research and operational expertise, the platform aims to take advantage of the growth potential in Southeast Asia’s real estate market and create value through strategic investments in sustainable and innovative infrastructure solutions. EZA Hill is committed to delivering value and sustainable growth while fostering innovation in the region’s building and infrastructure sectors.

 

(yuchuan.wang@jd.com)

JD.com’s Green Stream Initiative Selected as 2025 Sustainable Brand Exemplar; Among First Signatories to Geneva Visionary Initiative

Posted on by Vivian Yang

JD.com is proud to announce that our flagship sustainability program, the Green Stream Initiative, has been selected as 2025 Sustainable Brand Exemplar at the “Building Sustainable Brands” Visionary Initiative, also known as the Geneva Visionary Initiative.

The honor was announced on December 15th at the United Nations Environment Programme (UNEP) global headquarters in Nairobi, Kenya, which draws leaders from the public and private sector to advance sustainable business practices.

The event was co-organized by UNEP, its One Planet Network, the China Association for Standardization, the Sustainable Business and Branding Working Committee, and the Sustainable Business Leaders Forum. The 2025 case collection spotlights leading examples where sustainability is seamlessly integrated into brand value and core strategy.

As one of the inaugural signatories of the Geneva Visionary Initiative in September 2025, JD.com stands alongside other large companies in illustrating the real-world impact of the Initiative’s five-dimensional framework, which fully integrates sustainability principles into business operations and brand value creation, covering strategy, business systems, products, technology, and branding.

Alison Gray Cairns, Head of UNEP’s Private Sector Unit, commended the visionary ambition of the selected projects and highlighted the innovative ways Chinese enterprises are creating value.

Zhang Xiuchun, Secretary-General of the China Association for Standardization, emphasized that unveiling these cases in Kenya represents a key milestone, shifting the Geneva Visionary Initiative from conceptual agreement to practical, actionable steps that strengthen global competitiveness through responsibility.

Spotlight on Ocean Box Partners

Central to JD.com’s recognition is Ocean Box Partners, a flagship project under the Green Stream Initiative initiated by JINGDONG Logistics, the company’s logistics arm. Building on JINGDONG Logistics’ mangrove restoration efforts that began in 2024, this second-phase project, now renamed Ocean Box Partners and often referred to as “Mangrove Ecosystem Project 2.0”, expands mangrove ecosystems in Hengqin National Wetland Park. These vital blue carbon habitats excel at carbon storage and coastal protection.

Launched on International Day for Biological Diversity (May 22, 2025), it continues to be led by JINGDONG Logistics in partnerships with the One Planet Nature Foundation and guidance from organizations such as the Hengqin-Macau Cooperation Zone, China Express Association, and World Wide Fund for Nature (WWF).  In this second phase, the initiative adds 20,000 square meters of restored area, more than doubling the total to over 40,000 square meters.

The “Ocean Box Partners” project emphasizes broader collaboration to engage more participants. Over 52 partners have joined the network, including JD Supermarket, JD Foundation, and global brands such as Haier, Yili Group, Swire Coca-Cola, and Burberry.

Its standout feature is the close integration of conservation with everyday consumer participation. On Green Stream Day (July 6, 2025), with WWF technical support, JD.com linked its online mangrove nurturing platform to customers’ loyalty points. Shoppers can now redeem routine purchases to directly nurture mangrove growth, building on a previous digital campaign that drew over 5 million participants and establishing a compelling “shop-for-good” model that delivers shared benefits.

Built on Strong Sustainability Foundations

Ocean Box Partners draws strength from years of systematic progress under the Green Stream Initiative, which promotes comprehensive green transformation throughout the supply chain to facilitate a seamless shift toward low-carbon operations.

For instance, JINGDONG Logistics has transformed its operations with 139.22 MW of installed solar capacity across facilities by the end of 2024, more than 10,000 new-energy vehicles in its self-operated fleet, and in 2024 alone, 860 million reduced-packaging cartons, 960,000 reusable insulated boxes, and over 290 million recycled cartons.

 This international recognition at UNEP headquarters affirms JD.com’s dedication to sustainability. As the Green Stream Initiative demonstrates, true sustainable branding goes beyond messaging—it demands transforming operations with integrated responsibility, supply chain excellence, and ecosystem care. We will continue advancing it to lead eco-friendly consumption and logistics, and set a global standard for responsible supply chains, providing practical, scalable inspiration for companies worldwide building resilient and responsible brands.

 

(vivian.yang@jd.com)

7618.HK: JINGDONG Industrials Officially Lists on the HKEX

Posted on by Vivian Yang

On December 11, 2025, JINGDONG Industrials (also known as JD Industrials or JDi; stock code: 7618.HK), a subsidiary of JD.com and China’s leading industrial supply chain technology and service provider, commenced trading today on the Main Board of The Stock Exchange of Hong Kong.

According to the HKEX announcement, the final offer price has been set at HK$14.1 per share. The global offering is expected to raise approximately HK$2.827 billion, assuming the overallotment option is not exercised.

Since its founding in 2017, JINGDONG Industrials has stayed focused on its mission: let data flow freely while minimizing unnecessary physical movement of goods. This approach has propelled the company to become China’s leading industrial supply chain technology provider by 2024 GMV (gross merchandise value), according to China Insights Industry Consultancy.

This successful listing opens a new chapter for JINGDONG Industrials. The proceeds of the listing will be used to strengthen the company’s industrial supply chain capabilities, accelerate geographic expansion, and pursue selective strategic investments and acquisitions, all designed to help customers around the world achieve greater efficiency and lower operating costs.

Financially, JINGDONG Industrials has delivered consistent growth. Revenue from continuing operations grew from RMB 14.1 billion in 2022 to RMB 17.3 billion in 2023 and RMB 20.4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 20.1%. For the eight months ending August 31, 2025, revenue reached RMB 14.1 billion, an 18.9% year-over-year increase.

JINGDONG Industrials also reported robust profitability with an adjusted net profit of RMB 710 million in 2022, RMB 820 million in 2023, and RMB 910 million in 2024, achieving a CAGR of 12.8%. In the first half of 2025, the company recorded an adjusted net profit of RMB 500 million.

JINGDONG Industrials currently serves approximately 11,000 key enterprise customers and millions of small and medium-sized enterprises (SMEs), including around 60% of China’s Fortune 500 companies and over 40% of Global Fortune 500 companies operating in China. Through its platform, the company connects more than 158,000 manufacturers, suppliers, and distributors. It offers 81.1 million SKUs across 80 product categories in the core areas of MRO (maintenance, repair, and operations) products, BOM (bill of materials) components, and spare parts.

Powered by the Taipu, an extensive digital supply chain solution. and JoyIndustrial, one of the first large language models designed for industrial supply chain, JINGDONG Industrials helps thousands of industrial customers optimize forecasting, fulfillment, and overall cost structures.

Song Chunzheng, CEO of JINGDONG Industrials, stated: “Supported by JD.com’s premier supply chain ecosystem, JINGDONG Industrials will continue to invest in digital intelligence technologies to create greater value for industries, partners, customers, and now our shareholders. The company is grateful for the trust shown by investors and remains committed to delivering sustainable long-term returns.”

 

(vivian.yang@jd.com)

JINGDONG Property And MODON Announce Partnership Agreement – MoU Signed to Develop 2 Million Sqm of Industrial and Logistics Assets across Saudi Arabia

Posted on by Yuchuan Wang

November 26, 2025 – Riyadh – The Saudi Authority for Industrial Cities and Technology Zones (MODON) and JINGDONG Property, JD.com’s infrastructure investment and management platform, signed a Memorandum of Understanding (MoU) at the UNIDO General Conference (UNIDO GC21) in Riyadh to partner in developing and operating two million square meters of industrial and logistics projects across MODON’s industrial cities. The new partnership is an important step in JD.com’s investment in the Kingdom of Saudi Arabia as the company builds out its businesses in the Region.

The signing ceremony was attended by H.E. Mr. Bandar bin Ibrahim Al-Khorayef, Minister of Industry and Mineral Resources, Eng. Majed Rafed Al-Argoubi, CEO of MODON, and Mr. Feng Guo, General Manager of JD.com Middle East, underscoring the strategic importance of the collaboration.

JINGDONG Property will bring its strong expertise in developing, operating, and managing industrial and logistics assets, as well as attracting institutional capital for large-scale real estate programs. This partnership demonstrates the company’s ability to deliver high-quality projects and strengthen the Kingdom’s industrial and logistics investment environment.

JINGDONG Property and MODON will focus on developing and managing logistics and industrial assets across key locations in Saudi Arabia, including Riyadh, Jeddah, and Dammam. The partnership between JINGDONG Property and MODON supports Saudi Arabia’s global competitiveness by acheiving targets outlined in the National Industrial Strategy and Saudi Vision 2030. These targets include raising the sector’s GDP contribution, enhacing local content, boosting exports, and increasing private-sector participation in infrastructure and superstructure development projects.

The first pilot will land in Jeddah Industrial City with an area of exceeding 40,000 sqm and will be followed by additional developments in the Riyadh region. Marking JINGDONG Property’s first Greenfield Project in Saudi Arabia, the Jeddah project will be developed into modern Grade-A speculative warehousing facilities certified with BREEAM Excellence, delivering sustainable spaces through smart automation and built-to-suit (BTS) solutions. It is designed to meet the rising demand for high quality, efficient storage and logistics space in the Western Region, especially in the industries of FMCG, e-commerce, automotive, food and pharmaceuticals.

JINGDONG Property and MODON both emphasized that this strategic partnership marks an important step in strengthening the Kingdom’s industrial and logistics ecosystem and reinforcing Saudi Arabia’s position as a global hub.

 

About MODON

Since its establishment in 2001, Modon has been undertaking the development and supervision of industrial lands and integrated infrastructure. Today, it oversees 39 existing and under development industrial cities across the Kingdom, in addition to private industrial cities and complexes. Modon succeeded in raising the area of developed industrial lands until now nearly 220 million m² . These cities manage 8000 industrial and investment contracts and more than 4000 factories between producer, existing and under construction and establishment.

 

About JINGDONG Property, Inc.

JINGDONG Property, Inc., also known as JD Property, is a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com, Inc. Its business includes investment, development and asset management of logistics parks, business parks, data centers and others. As the cornerstone of JD.com’s supply chain ecosystem, JINGDONG Property is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure. As of September 30, JINGDONG Property manages more than 270 infrastructure projects in China and worldwide.

 

(yuchuan.wang@jd.com)