Other supplies and 200,000 RMB worth of masks in an hour

JD to Acquire Controlling Interest in Kuayue Express

Posted on Aug 17, 2020Oct 15, 2022 by Yuchuan Wang

BEIJING, Aug. 13, 2020 (GLOBE NEWSWIRE) — JD.com, Inc. (the “Company”) (NASDAQ: JD; HKEX: 9618), China’s leading technology driven e-commerce company transforming to become the leading supply chain-based technology and service provider, today announced that it has entered into a definitive agreement under which Jingdong Express Group Corporation (“JD Logistics”), a subsidiary of the Company, will acquire a controlling interest in Kuayue-Express Group Co., LTD. (“Kuayue Express”), a renowned modern integrated express transportation enterprise specializing in “limited-time express service” in China, for a total consideration of RMB3 billion through a combination of acquiring existing shares and subscribing for newly issued shares of Kuayue Express, subject to customary closing conditions. The Company expects to close this transaction in the third quarter of 2020.

“We are pleased to collaborate with Kuayue Express to provide customers with the best services available,” said Zhenhui Wang, CEO of JD Logistics. “Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and advanced operations. Collaborating with Kuayue Express advances our integrated supply chain management, technology initiatives and service expansion to third party merchants. We will leverage our respective advantages and the synergy the collaboration creates to enhance the client experience and increase overall supply chain efficiency for JD and society at large.”

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.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the description of the proposed offering in this announcement contain forward-looking statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to JD.com’s industry and general economic conditions in China. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the prospectus registered in Hong Kong. All information provided in this press release and in the attachments is as of the date of this press release, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.

JD Rolls Out Leasing Service for SMEs’ Recovery

Posted on Aug 17, 2020Jun 8, 2022 by Vivian Yang

by Vivian Yang

JD.com launched a leasing service for computers and digital products targeting small and medium sized enterprises (SMEs).

Through JD’s leasing platform, enterprise users can rent many types of office computers at favorable prices, for instance, ThinkPadE14 at RMB 99/month, ThinkPadL13 at RMB198/month and ThinkCentre K70 desktop at RMB128/month. This innovative leasing business model comes at a time when many SMEs in China are facing operations and cash flow pressures in the post-COVID-19 economic recovery.

To ensure users can enjoy smooth operation and data security while they use the rental hardware, the JD Computer and Digital Products business unit will provide professional and timely operation and maintenance support.

This leasing service is especially suitable for SMEs looking to expand their business scale and channels network, participate in exhibitions, organize temporary projects or host marketing events, among other usage scenarios. In these situations, renting is a more sensible solution than buying, helping enterprises to reduce cash flow pressure and avoid a range of IT purchase and management challenges.

“We hope that through an innovative business model like the leasing service, JD can help SMEs to improve their capital utilization efficiency so as to overcome the financial difficulties they may be facing at present,” said Xiaobo Guo, general manager of the enterprise business unit of JD Computer and Digital Products.

According to Guo, JD has been committed to providing one-stop product and service solutions for its enterprise customers. The JD-initiated leasing service helps advance China’s leasing market, which is still at a nascent stage with less than 5% market penetration.

(vivian.yang@jd.com)

Photo Gallery: This Week at JD (August 10-August 14)

Posted on Aug 14, 2020Oct 14, 2022 by Yuchuan Wang

On August 12, JD.com and 5Star held a press conference to mark JD’s official 100% ownership of the home appliance retail giant. JD completed the acquisition of the remaining 54% of equity in 5STAR combining with the previous 46% stake, this acquisition makes 5Star a wholly-owned subsidiary of JD.com.

Nearly 100 influential entrepreneurs who studied at Cheung Kung Graduate School of Business (CKGSB) joined a livestream at JD, helping sell nationwide agricultural specialties to Chinese consumers. In only one hour, nearly five tons of products were sold. All of the proceeds from the sales will be donated to an institution in Shanghai to help visually impaired people.

On August 11, JD.com officially completed its investment in China’s fourth largest convenience store chain, Xiamen Fook Chain Store Management Limited Company (Fook Convenience Store), representing JD.com’s first investment in the chain convenience store industry.

On August 10th, JD and Gome jointly initiated a purchase plan worth from brands RMB 30 billion yuan, including products such as televisions, refrigerators, washing machines, air conditioners, small home appliances and electronic products. This is the largest purchase of home appliances and electronics products in China this year so far.

On August 10th, Golden Goose launched a flagship store on JD. Customers are now able to buy the brands’ iconic collections such as SUPERSTAR and all others, also nicknamed “little dirty shoes” through the JD store and enjoy JD’s premium delivery service.

On August 13th and 14th, a group of reporters from Handelsblatt, Kyodo News, Yomiuri Shinbun, Nikkei Business Publication and Pan Daily were invited by JD to go to the company’s Central China branch in Wuhan. The group visited JD’s Wuhan Asia No.1 logistics park, JD delivery station and Today, a JD Logistics supported chain convenience store in Wuhan.

JD to Speed up Express Delivery and Coverage

Posted on Aug 14, 2020Sep 17, 2022 by Ella Kidron

by Ella Kidron

On August 13^th, JD Logistics announced the comprehensive initiation of its express delivery (JD Express) service speed acceleration plan. The plan aims to speed up the efficiency of express delivery within and between China’s eastern coastal and central-eastern core city clusters, strengthen the capacity of JD’s integrated rail and air network, and comprehensively enhance the delivery experience for customers.

A representative from JD Logistics’ JD Express division said that the plan will be completed by the end of September, and it is expected that at that time, the number of cities where JD’s express delivery will be able to send parcels by air will increase by 200, and the number of possible air routes will exceed 45,000.

The plan is said to involve Beijing, Tianjin, Shanghai and cities in Guangdong province, realizing mutual 24-hour coverage of the Beijing-Tianjin-Hebei, Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area, and other core economic city clusters.

Previously, in June around the 618 Grand Promotion, JD Logistics announced the upgrade of its lower-tier markets program to provide 24-hour delivery service in over a thousand cities and tens of thousands of townships in China. Under the plan, JD Logistics will either expand or newly construct 13 local warehouses and transfer centers. The new infrastructure will focus on second-to-fifth tier cities. In addition, JD will operate 12 Asia No.1 highly automated logistics parks, which traditionally have mainly focused on first and second tier cities, in lower tier cities.

(ella@jd.com)

JD Sold Four Million Ice Cream Products in Seven Days

Posted on Aug 14, 2020Sep 29, 2022 by Rachel Liu

by Rachel Liu

Newly released data shows that from July 6^th to 12^th, JD sold four million ice cream products. Sales of ice cream increased over 16 times on July 10^th, which was the Super Ice Cream Day on JD. Nearly 400 types of ice cream products from 30 brands were rolled out on JD during the promotion.

Traditionally, customers like to buy ice cream in convenience stores or community stores instead of online because they are worried that ice cream will melt during transportation. JD’s cold-chain logistics and fast delivery, however, allow customers to order ice cream online with peace of mind. JD has launched a series of services for ice cream lovers on JD, including melt insurance and scheduled purchase. Scheduled purchase allows customers to choose how often they want to receive products and how many they want each time. JD Logistics will deliver the products based on their personal needs.

Interesting Trends on Ice Cream Consumption:

On JD, crossover ice cream products receive great popularity, as they are usually unique and innovative. For example, Chinese ice cream brand Chicecream and Zongzi (rice cake that Chinese eat on Dragon Boat Festival) brand Wufangzhai jointly launched a “barley leaves” (leaves used to make Zongzi) flavor ice cream. Sales of the product increased 106% during the promotion comparing with the same period in June.

Customers like to buy mini size ice cream, such as mini Magnum and mini Cornetto. More and more families like to buy ice cream online, and mini size ice cream is suitable for children to eat.
Sales of ice cream by post-1995s and post 2000s customers increased 17 times y-o-y. They have become the fastest growing group among all customers.
Sales increase of ice cream in lower-tier cities is 15 times that of first-tier cities.
The peak for customers to order ice cream is midnight, as the coupons are usually release at 12:00 am on JD, and many customers treat online shopping as a way to release pressure before going to bed.

(liuchang61@jd.com)

Italian Luxury Furniture SELETTI Brings Avant-Garde Home Products on JD

Posted on Aug 14, 2020Oct 15, 2022 by Rachel Liu

by Rachel Liu

On August 13^th, Italian luxury furniture brand SELETTI opened a first-party flagship store on JD.

JD’s experienced luxury buyers have personally selected products for JD customers based on a thorough understanding of Chinese consumers’ preferences. All products are provided by SELETTI’s authorized channels. JD’s Luxury Express delivery service is also available.

The SELETTI store on JD provides the brands’ new products and classic, hot selling items covering lighting, tableware, glass products and more, such as the Monkey Lamp that SELETTI jointly designed with Italian designer Marcantonio; the Cosmic Dinner collection that SELETTI worked on with Diesel; and other crossover collections, including SELETTI wears Toiletpaper and Studio Job&SELETTI.

SELETTI was founded in 1964 by Romano SELETTI as a family business to import interior design products into Italy. Since 2008, the brand has broadened its product range to decorative items, lighting, furniture and more under the leadership of the second generation of the SELETTI family business, Stefano SELETTI. The brand became one of the most stylish home decoration brands in Italy.

Nearly 200 luxury brands have partnered with JD, covering high-end furniture, apparel, children’s wear, jewelry, skincare brands and more. The joining of SELETTI will provide more choices for fashion lovers on JD.

(liuchang61@jd.com)

JD.ID Cooperates with Allianz to Provide Extended Warranty to Customers

Posted on Aug 14, 2020Sep 28, 2022 by Martin Li

by Martin Li

JD.ID, the e-commerce joint venture of JD.com in Indonesia, has launched a cooperation with PT Asuransi Allianz Utama Indonesia (Allianz Utama) to provide comprehensive protection for electronics, including household appliances, smartphones and tablets, purchased through the e-commerce platform of JD.ID.

JD.ID’s JD Life business unit collaborates with Allianz Utama to provide customers with Comprehensive General Liability Insurance products that give extended warranty benefits, particularly guaranteeing an extension of the warranty period for two years,which starts after the standard warranty period for household electronic equipment ends.

A virtual launch ceremony was held on Aug.13^th

“Allianz Utama’s collaboration with JD.ID is a manifestation of our strategy for 2020 to focus on innovative protection products that can support lifestyles to remain relevant to a growing market, expand the coverage of insurance protection and strengthen our commitment to provide products that are comprehensive and able to provide peace of mind, especially in today’s challenging times, ”said Peter van Zyl, President of Allianz Utama Indonesia.

Allianz started its operations in Indonesia with a representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company.

“The strategic partnership with Allianz Utama Indonesia as one of the leading companies in the insurance industry is in line with JD.ID’s commitment to providing the best, most trusted, and reliable service for all customers and ensure customer satisfaction even after the goods arrive. This is done in order to meet the needs of the Indonesian people, even in a pandemic like today,” said Sandy Permadi, Chief Financial Officer of JD.ID.

Through the collaboration, JD.ID and Allianz Utama Indonesia will be able to answer the needs of consumers who want convenience and assurance that their household items are protected. In the future, the collaboration will also provide other benefits that JD.ID customers can enjoy, according to Permadi.

JD.ID is one of the leading e-commerce companies in Indonesia, andstarted its operations in March 2016. The company currently operates 11 warehouses in six big cities in Indonesia, including Jakarta, Surabaya, Pontianak, Medan, Makassar and Semarang, aiming to provide integrated end-to-end services.

(bjlihao3@jd.com)

JD Launches Computer Festival for SMEs

Posted on Aug 14, 2020Sep 19, 2022 by Martin Li

by Martin Li

JD.com has cooperated with big brands to launch a computer festival for small-and-medium sized enterprises on its e-commerce platform.

The festival sees big popular brands including Microsoft and HP supply their best-selling products, as well as provide discounts to enterprise buyers.

Microsoft offers discounts to enterprises on several popular products from August 3^rd to September 6^th, including Surface Go 2 with a 10.5-inch touchscreen, the business version of Surface Pro 7, and the business version of Surface Pro X with a 13-hour battery life.

HP provides its light high-performing laptops equipped with tenth Gen Intel Core i7 processors.

“With the current 5G trend, digital transformation has become an indispensable step for small-and-medium sized enterprises. JD hopes to help them realize a low-cost and efficient upgrade of electronic office equipment,” said Xiaoqiang Fan, who is in charge of SMEs sales for JD’s computer and digital business unit.

Besides product discounts, enterprise buyers can also receive benefits like two-month free trial use of Office 365 E3, three-year warranty and RMB 600-yuan worth of Internet data cards during the festival.

(bjlihao3@jd.com)