Jul 31, 2020|
JD.com Partners with Li & Fung in Building Global Digital Supply Chain
by Jing Dong
JD.com Inc., China’s leading technology driven e-commerce company transforming to become a leading supply chain-based technology and service provider, today announced a strategic investment in Li & Fung, a giant in global supply chain solutions, based in Hong Kong.
JD and Li & Fung will develop in-depth strategic cooperation in digital supply chain and private label, among other areas, by leveraging their respective strategic capabilities and resources. This partnership is one of the important initiatives in JD’s digital supply chain. Li & Fung is a leader in global supply chain with expertise in international trade and private label, while JD has developed unique capabilities in digital technologies as well as retail infrastructure. The JD-Li & Fung partnership is especially salient in today’s business environment under which global supply chain is undergoing restructuring with the impact of the COVID-19 pandemic.
About JD.com
JD.com is a leading technology driven e-commerce company transforming to become 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 is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.
About Li & Fung
Li & Fung, founded in 1906, is recognized as the world’s leader in consumer goods design, development, sourcing and logistics. It specializes in responsibly managing supply chains of high-volume, time-sensitive goods for leading retailers and brands worldwide. With nearly 17,000 employees, Li & Fung operates over 230 offices in more than 40 different markets, and achieved a revenue of USD 11.4 Billion in 2019. The Group is focused on building the supply chain of the future and accelerating the speed in the supply chain through the development of its digital platform.
(press@jd.com)
Nov 14, 2024|
JD.com Announces Third Quarter 2024 Results
On November 14, JD.com announced its unaudited financial results for the three months ended September 30, 2024.
Read our full report here.
Sep 7, 2024|
Moody’s Upgrades JD.com to A3 Rating, Citing Resilient E-commerce Business Model Operations and Supply Chain Capabilities
On September 4th, Moody’s Ratings updated JD.com’s issuer and senior unsecured ratings to A3 from Baa1 and revised the outlook to stable. This marks the third time Moody’s has upgraded the company’s rating since 2016.
“The ratings upgrade and stable outlook reflect JD.com’s leading market position in China’s e-commerce market with a unique and resilient business model, supported by deep supply-chain capability and economies of scale as well as its prudent financial policy that underpins low leverage and a solid net cash position,” Shawn Xiong, a Moody’s Ratings Vice President and Senior Analyst.
Moody’s anticipates that JD’s core retail business will experience steady to moderate revenue growth over the next 12-18 months, thanks to its expanding third-party marketplace business (3P) and an increase in the number of 3P merchants, along with a growing revenue share from JD Logistics.
Moreover, the ratings agency expects margins to remain stable during this period, driven by efficient cost control, improved operational efficiency, and ongoing product category optimization. JD’s second-quarter earnings report disclosed that its Non-GAAP net margin reached 5% for the first time, influenced by a gross margin expansion to a record level of 15.8% in the quarter, reflecting enhancements across nearly every category.
(vivian.yang@jd.com)
JD Forms “Domestic Brands Alliance” with 10 Enterprise Solution Firms
Aug 6, 2024
JD.com Ranks #47 on 2024 Fortune Global 500
