Mar 9, 2023|
JD.com Becomes the Fastest Growing Retailer among Global Top 10 Retailers
by Yuchuan Wang
For the second consecutive year, JD.com is listed as one of the Top 10 retailers worldwide, according to the Global Powers of Retailing 2023 Report released by Deloitte in late February. The company rises from ninth to seventh place in this year’s ranking.
Deloitte analyzed the top 250 retailers around the globe, and the analysis is based on the financial performance and operations for the fiscal year that ended June 30, 2022.
As the only Chinese company to make the list, JD.com is also identified as the fastest growing retailer among the Top 10 global retailers, with a 25.1percent year-on-year growth rate. Deloitte also highlights that despite the challenging retail environment in China, JD.com is driven by sales of general merchandise and increased active customers.
This June marks the 20th anniversary of JD.com. The company is also recognized for having made enormous effort in environment, social and governance initiatives. JD released its second annual ESG report in May 2022, and was selected by the UN’s Global Compact China Network as one of the “Best Practices for Enterprises to Achieve Sustainable Development Goals 2021.”
The report also notes that the top 10 retailers boosted their digital capabilities via in-store technologies or through enhancing omni-channel offerings. For example, JD.com launched “Shop Now,” an on-demand retail service that provides one-hour fulfillment.