Mar 29, 2022|
Six-Year Journey of JD.ID: Annual Compound Growth Rate Doubles the Industry Average
by Yuchuan Wang
March 28, 2022 marks the sixth anniversary of JD.ID, JD.com’s e-commerce business in Indonesia. In the past years, JD.ID’s annual compound growth rate has been twice the industry’s average and has become one of the major e-commerce companies locally, with a distribution network covering 90% of provinces in Indonesia.
Since its establishment, JD.ID has focused on building an integrated e-commerce infrastructure. With 18 warehouses nationwide, the company’s warehousing area has surpassed 100 thousand square meters. Thousands of couriers serve more than 500 cities, spanning across all the major islands of the country. As of now, over 85% of orders on JD.ID can be fulfilled within 24 hours. JD.ID also signed a partnership with Indonesia’s national post company PT Pos Indonesia in 2021 to cooperate in express delivery, logistics, payment and more. The partnership is expected to provider better logistics service to customers nationwide.
While e-commerce is growing, the offline market remains the current major shopping choice of Indonesia consumers. In this context, JD.ID introduced an omni-channel shopping model by launching seven self-owned offline stores in greater Jakarta area, offering a variety of products including electronics, appliances, home products and more. Consumers can choose to purchase in the store or have their products delivered to their doorstep.
JD.ID has also opened up its omni-channel technology and abilities to third party businesses. Trikomsel, one of the largest mobile phone retailers in Indonesia, has brought over 100 stores online on JD.ID’s Nearby Channel, connecting to the fast growing online traffic. So far, revenues generated from JD Nearby has accounted for over 60% of Trikomsel’s total revenue.
Stepping into the seventh year, JD.ID will continue to provide authentic products and premium services to Indonesian customers and keep contributing to the local economy by helping SMEs and local people.