Sep 27, 2024| JD Property

JINGDONG Property, Inc Adds New Logistics Infrastructure in Hong Kong

Yuchuan Wang

JINGDONG Property, Inc. (“JDP”), a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com, has successfully completed the acquisition of LiFung Centre in Hong Kong, a 487,350 square feet logistics property.

“We are pleased with the addition of this logistics infrastructure in Hong Kong. It reflects our team’s ability to source and complete transactions efficiently, and we are well-positioned to continue expanding our business across the region,” said Cao Dong, CEO of JDP.

“We are excited about this institutional-quality property, strategically located in a convenient, last-mile neighborhood. We believe this project will continue to deliver efficient and reliable logistics services to Hong Kong. This investment allows us to benefit from secular growth trends while interest rates are moderating. We will continue to actively explore other opportunities in key markets across Asia Pacific,” commented Richard Law, Head of Asia Pacific at JDP.

About JINGDONG Property, lnc.

JINGDONG Property, Inc. (www.jdp.com.cn) is a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com. 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, JDP is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. We are well-positioned to serve consumption-driven demand and transform local economies. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure solutions, continuously expanding our customer base in third-party logistics, e-commerce, manufacturing, retail, and other new economy industries.

(press@jd.com)

May 9, 2024| JD Property

JINGDONG Property Continues Global Expansion with Key Overseas Projects

Yuchuan Wang

JINGDONG Property (also known as JDP, or JD Property), a leading and fastest-growing modern logistics infrastructure development and management platform, has made significant strides in expanding its global footprint, marking its presence in Europe and Asia Pacific with 39 projects. This growth highlights JDP’s ability to rapidly establish modern logistics infrastructure in new markets.

JINGDONG Property’s entry into Europe began in mid-2022 with the acquisition of a 361,000-square-foot warehouse in Milton Keynes, marking its first transaction in the U.K. In late 2023, JDP further solidified its U.K. presence by acquiring a state-of-the-art logistics warehouse in Preston. Positioned near major logistics nodes, this newly built warehouse showcases JDP’s commitment to environmental sustainability with features such as substantial EV parking, a seven-acre ecological area, BREEAM excellence certification, 15m eaves height, and 50 docks, making it a prime hub for industrial activities.

In late 2022, JDP also ventured into The Netherlands with a smart logistics park in Utrecht’s ‘Lage Weide’ business park. Ideal for national, regional, and last-mile distribution, this park is close to essential transport routes and features 64 loading docks, 213 parking spaces, and solar panels, furthering JDP’s commitment to sustainable logistics and efficiency.

Another key milestone was the investment in the first and second phases of Apollo, Ansty Park in mid-2023. This development, located 10 miles northeast of Coventry City Centre in the U.K., is now a prime example of a Grade A property within JDP’s portfolio, specifically designed to support the logistics and manufacturing sectors. Apollo comprises seven units across two phases, with the first three units completed in early 2023 and fully let. These units are recognized for their sustainability, achieving BREEAM Excellent and EPC A ratings. The second phase includes four recently new completed units, designed to meet high sustainability and efficiency standards, featuring renewable energy sources like rooftop solar panels and electric vehicle charging stations.

The completion of the Apollo project has significantly improved logistics and transportation efficiency in the region, providing easy access to the U.K.’s motorway network. This strategic location, combined with a focus on green and sustainable practices, not only lowers operational costs but also boosts efficiency for businesses operating within Apollo.

Additionally, JDP’s growth in Asia Pacific was marked by a recent completion of a modern logistics warehouse in Indonesia, located in the Jababeka Industrial Estate next to the Cikarang Dry Port area. With 23,000 square meters of leasable area, this facility adopts a flow-through design warehouse model equipped with high-standard features for optimal logistics operations.

JDP’s overseas projects have attracted partnerships with notable international and local companies, contributing to the development of a high-quality industrial cluster in the area. Looking ahead, JDP is committed to further expanding its global footprint, with a focus on delivering customized logistics infrastructure that meets the diverse needs of businesses expanding internationally.

(yuchuan.wang@jd.com)

Mar 8, 2024| Executive Spotlights, JD Logistics, JD Property, JD Retail

JD.com’s Strategic Advancements in International Business: A Focus on Supply Chain and User Experience

Vivian Yang

During JD.com’s earnings call for Q4 and FY2023 on March 6th, Sandy Xu, CEO of JD.com and JD Retail, provided an update on the company’s strategy for international expansion. Xu emphasized the importance of a robust supply chain as the cornerstone of JD.com’s growth beyond domestic borders.

Xu noted that JD.com is always on the lookout for overseas opportunities and is taking measured steps to advance this process. Given JD’s business model and inherent strengths, the company’s approach to global expansion is uniquely tailored.

“JD’s business model is built on supply chain capabilities and centered around user experience. Based on the development of supply chain infrastructure overseas, JD’s business will continue to expand in areas with our unique competitive strengths in global markets,” Xu said. She also provided an overview of JD.com’s current international businesses:

JD Worldwide, the export and import facet of JD Retail, incorporates JD Global Sales, an emerging outbound e-commerce platform dedicated to helping Chinese companies and brands expand their overseas market. JD’s cross-border inbound business, JD Global Buy, has established three direct procurement centers worldwide to enhance cross-border supply chain efficiency. This allows consumers in China to access a wider range of imported products at lower costs while ensuring product safety.
JD Logistics has developed a robust global supply chain, beginning with warehousing and expanding to encompass comprehensive supply chain services. Currently overseeing nearly 90 bonded, overseas, and direct mail warehouses across almost 900,000 square meters, JD Logistics provides extensive support to a broad spectrum of clients, including international enterprises and Chinese brands expanding overseas.
JD Property is expanding its business in Southeast Asia and Europe, with a focus on markets in Vietnam, Indonesia, Singapore, the United Kingdom, and the Netherlands. Its clientele spans international logistics, FMCG (fast moving consumer goods) giants, as well as emerging Chinese companies venturing abroad.
Ochama is an omni-channel retail platform incubated by JD.com in Europe, which utilizes advanced automated logistics technologies and global supply chain capabilities to provide a superior shopping experience for consumers across 24 European countries.

With a focus on supply chain and enhancing the user experience, JD.com will continue to explore opportunities to expand its global footprint. Learn more about JD.com’s businesses with global reach here.

(vivian.yang@jd.com)