Aug 9, 2021|
JD Auction to Open Bidding on Gas Station in Shanxi Province at RMB 27 Million Yuan
by Kelly Dawson
JD Auction has announced today that it will auction off a gas station in Yunchen City, Shanxi province on August 13—and the bidding price will start at RMB 27 million yuan, which has already drawn 1,500 onlookers, with some already signed up to participate.
The announcement comes only one month after JD Auction successfully auctioned a gas station in Shijiazhuang at a price of RMB 2,351,500 yuan.
Some may ask: Why RMB 27 million yuan? The answer is that in China, gas stations are good business. Statistics show that in the ten years from 2010 to 2020, the number of motor vehicles increased from 90.86 million to 372 million, with the total mileage of highways nationwide increasing from 4 million kilometers to nearly 5.2 million kilometers. Additionally, the total number of gas stations has reached 119,000, with about 50% privately owned.
Beyond the investment value, the effort, cost and time saved by buying such a gas station via auction has also boosted its value. For example, in order to open a gas station, one must apply to the local bureau of commerce for an “Approval Certificate for Refined Oil Retail Operations”—of which there are a limited number in any given city. Generally, ownership is transferred from person to person, as the opportunity to receive a new approval certificate is rare. Additionally, the right to use land for a gas station is very tightly restricted, with the necessary land requirement totaling an average area of more than 5 acres.
In the rare case when someone is able to obtain the necessary land usage rights and certificate of approval, the cost of building a gas station is 1-2 million yuan at minimum; plus the costs of a wide range of hardware including oil storage tanks, fuel dispensers, and more.
JD Auction’s listed gas station offering will include the right to operate refined oil, land usage rights, and a complete set of facilities including above-ground buildings, underground oil storage tanks, and oil pipelines.
Considering that the average urban gas station in China sells about 5 to 6 tons of gasoline per day and the net profit per ton of gasoline is about RMB 1,000 yuan, the average annual profit is about 1.5-2 million yuan (deducting labor, operation, transportation and storage costs). Those who have already signed up are surely factoring in these calculations.
Nov 7, 2024|
CIIE 2024: JD.com to Expand Imports of Specialty Brands, Strengthen Healthcare Partnerships, and Enhance Logistics
At the 7th China International Import Expo (CIIE) on November 5, JD Super, the supermarket division of JD.com, announced a major initiative to broaden its selection of imported specialty. Over the next three years, JD Super plans to introduce over 1,000 new international brands to meet the increasing demand for high-quality, diverse imported goods.
Meeting the Growing Demand for Quality Imports
According to JD Worldwide’s “White Paper on 2024 China Cross-Border Consumption Trends,” more than 80% of Chinese consumers are interested in imported products, with many prioritizing authenticity, quality, and fast delivery. In response, JD has significantly expanded its range of international offerings. During the ongoing Singles’ Day Grand Promotion, sales of cross-border products have surged, with more than 600 brands experiencing a sales increase of over 100% compared to last year.
Strengthening High-Quality Food Partnerships
Demonstrating JD.com’s commitment to sourcing high-quality products, JD Super signed a new procurement agreement at CIIE with Huadong Foods and Teys, a major Australian beef brand under Cargill. Under this agreement, JD Super and Huadong Foods will procure $50 million of Teys beef throughout 2025. This partnership underscores JD’s strategy of collaborating with trusted suppliers to provide high-quality, affordable beef to Chinese consumers.
Delivering Authentic Global Goods Efficiently
JD Logistics has built a robust logistics network that spans bonded, direct mail, and overseas warehouses, facilitating fast deliveries of imported items across categories such as electronics, fashion, beauty, food, and baby products. In many major cities, delivery times have been reduced to under 48 hours.
For instance, JD Super’s partnership with Raub of Malaysia enables the import of Musang King durians, which are harvested at peak ripeness and air-shipped with cold chain logistics for delivery within 24 hours. Additionally, JD.com also secured an early supply of Chilean cherries, available since October, which can be delivered in as little as 30 minutes in many areas through JD NOW, its on-demand retail service.
JD.com’s “JD National Pavilions” program, which features over 150 country-themed flagship stores from more than 70 countries and regions, continues to be a cornerstone of its import strategy. Supported by embassies and reputable organizations, this initiative offers Chinese consumers access to premium products and cultural experiences from around the world. In April, JD launched the JD National Pavilion of Mali, introducing popular items like shea butter and garnering over 40,000 followers.
Expanding Healthcare and Logistics Partnerships
JD Health is also making strides at CIIE by strengthening partnerships with leading global healthcare companies, including Merck, Bayer, and Roche. As “China’s premier online health access point,” JD Health is committed to integrating digital and physical healthcare resources to improve access and convenience for patients.
Key collaborations include initiatives with Haleon to promote brain health and anti-aging for the “silver economy,” with MSD China on a digital diabetes management model, and with Teva Pharmaceuticals to provide patient education for conditions such as tardive dyskinesia (TD) and Huntington’s disease (HD).
On the logistics front, JD Logistics announced plans to double its overseas warehouse space by 2025 and expand its network of bonded and direct mail warehouses. JD Express now serves over 60 countries, enhancing cross-border delivery efficiency and supporting both brands and consumers.
Through these efforts, JD.com reaffirms its commitment to sourcing and delivering authentic, high-quality imported products to Chinese consumers, supported by an advanced supply chain that ensures a superior shopping experience.
(vivian.yang@jd.com)
JD.com Raises Inventory of Daily Necessities by Three Times in Coping with Delta Variant Outbreak in China
