Mar 3, 2022|
The First Chinese Retailer Among World Top 10: JD.com
by Yuchuan Wang
According to the report “Global Powers of Retailing 2022” released by Deloitte in late February, JD.com was listed as one of the Top 10 retailers worldwide and the only Chinese company that made the list.
The ranking is based on the financial performance and operations for financial years ending within the 12 months from 1 July 2020 to 30 June 2021 (FY2020). With a revenue of over USD 94.4 billion, JD.com moved up four places to enter the Top 10.
Deloitte says that JD has achieved the second highest sales growth among the Top 10 companies, with a year-over-year FY2020 retail sales growth of 27.6%. The company also achieved highest five-year compound annual growth rate (CAGR), 31.2%, in FY2015-2020.
The report highlighted that JD.com “delivers the majority of orders to customers through its own fulfillment infrastructure,” and the company is “exploring ways to make their supply chain operations greener.”
With over 550 million active customers, JD.com is setting the global standard for online shopping experiences, offering a vast selection of products, across every major category such as electronics, apparel and home furnishings, FMCG, fresh food, home appliances and more. Nowadays, over 90% of JD.com’s first party orders can be delivered within 24 hours thanks to the company’s nationwide logistics network.