Oct 17, 2024| JD Logistics
JD Logistics to Double Overseas Warehousing Capacity by End of 2025
JD Logistics (also known as JINGDONG Logistics), the logistics arm of JD.com, has announced plans to double its overseas warehouse space by the end of 2025. This significant expansion is part of the company’s broader global supply chain strategy to meet the growing demand for cross-border logistics solutions. As part of this effort, JD Logistics will also expand its network of bonded and direct-mail warehouses. Additionally, the company aims to extend its international express delivery services from China to approximately 80 countries and regions by the end of this year.
JD Logistics currently operates nearly 100 bonded, direct mail, and overseas warehouses. Its global supply chain network includes overseas warehousing, international transfer centers, local transportation systems, and cross-border transportation routes—all supported by advanced supply chain technology.
Building an Integrated Global Service Ecosystem
- As of June 2023, JD Logistics operates nearly 100 bonded, direct mail, and overseas warehouses across the globe, totaling close to 1 million square meters in key markets such as the U.S., Germany, the Netherlands, France, the U.K., Vietnam, the UAE, Australia, and Malaysia, among others. These facilities offer localized services to support both international clients and Chinese brands seeking global growth.
- JD Logistics is focused on expanding its presence in Europe and the U.S., establishing collaborative supply chain networks capable of delivering fulfillment services within 24 hours in several regions.
- The company plans to increase its international cargo flights from China to destinations such as Malaysia, South Korea, Vietnam, the U.S., and Europe to enhance cross-border transportation services. It will also explore the development of self-operated transportation and delivery capabilities overseas.
- JD Logistics has established partnerships with leading cross-border e-commerce platforms, serving thousands of merchants and business clients.
Expanding International Express Delivery to Nearly 80 Countries and Regions
- Since launching its international express operations in late 2023, JD Express has introduced two key services: “International Express” and “International Standard Express,” providing tailored for both merchants and consumers.
- Ahead of this year’s Single’s Day shopping festival, JD Logistics will launch new express delivery service from China to Japan, South Korea, and Southeast Asia. The service is expected to expand to approximately 80 countries and regions by the end of this year.
JD Logistics continues to leverage its world-class supply chain and logistics technologies to streamline its international operations, helping global clients increase efficiency and reduce costs. Key sectors benefiting from these innovations include apparel, bulky goods, and B2B logistics. For instance, JD Logistics’ proprietary Intelligent Warehouse Management System (iWMS) can seamlessly integrate with automated systems and smart equipment, boosting operational efficiency by three times.
Oct 14, 2024| JD Retail
JD.com Report: China’s Silver Generation Adopts Youthful Shopping Trends
On the occasion of China’s Double Ninth Festival – a traditional event on the ninth day of the ninth lunar month – JD.com’s Consumption and Industry Development Research Institute has released its “2024 Silver-Haired Consumer Report.” The report highlights an increasing convergence between the spending habits of China’s older and younger generations.
The report, based on surveys of 500 older adults and 500 younger individuals, identifies similarities in consumer preferences across areas such as, fitness, travel, skincare, and lifestyle. It reveals that China’s older adults are rapidly becoming a key force in the online consumer market, exhibiting greater spending power and a growing appetite for a wide range of modern products and services.
Blurring the Boundaries
One key finding is the increasing digital proficiency among older adults. According to the report, 60.7% of older adults spend more than three hours a day online, engaging in activities such as online shopping, reading news, mobile payments, and video streaming. These activities have become an integral part of their daily lives, nearly matching the habits of younger generations.
Online shopping by seniors has seen remarkable growth. From January to September 2024, the number of transactions, active shoppers, and spending by this group on JD increased by 238%, 187%, and 105%, respectively, compared to the same period in 2019. Their purchases range from basic necessities to high-tech gadgets and home appliances, with JD.com being the top choice for 95.3% of older shoppers.
Data from the National Bureau of Statistics indicates that China’s population aged 60 and above reached 280 million in 2022, with over half being younger seniors aged 60-69. This demographic is generally well-educated, financially capable, and open to new experiences, leading to consumption habits increasingly similar to those of younger generations. The report notes that younger consumers’ spending trends are also influencing the lifestyles and consumption patterns of the elderly, further blurring the boundaries between the two groups.
Growing Appetite for Modern Shopping
Health and wellness have become major priorities for older adults, reflected in the rising demand for nutrition and fitness products. Sales of probiotics and health tonics increased more than tenfold and threefold, respectively, while fitness equipment like kettlebells and resistance bands more than doubled in sales. Additionally, sports gear for activities like badminton and pickleball saw an 80% increase in demand.
Fashion and beauty spending among seniors has also surged. Jewelry and beauty product sales have climbed, with sales of rings up by 307% and jade necklaces by 132%,. Anti-aging skincare products and personalized fashion items have seen a more than tenfold increase in sales.
Older consumers are not only embracing products designed for their age group but also cutting-edge technology. Sales of electric beds and shower chairs have grown by 152% and 202%, while smart locks and switches, like kitchen appliances, are becoming more common in senior households. Sales of smart bathroom cabinets, for instance, have risen by 277%.
Beyond essential purchases, seniors are driving demand for leisure activities such as photography, travel, and music. Sales of instant cameras jumped by 165%, while live-streaming equipment and digital cameras saw sales double. Pet care is another area where spending has surged, with prescription pet food sales rising by 332% and pet health products growing by over 100%.
(vivian.yang@jd.com)
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