JD.com news

13 April 2017
Walmart is bringing its British products to China with the launch of an ASDA store on JD Worldwide, the cross-border ecommerce platform of JD.com. Targeting China’s growing middle-class shoppers Asda’s primary offerings on JD.com are food and health products, including items such as biscuits, coffee, tea bags, nuts, energy bars, and baby food. All products will be sourced from the UK, from ...
06 March 2017
For the full year of 2016, JD.com has reported net revenues of CNY260.2bn (US$37.5 bn), representing a 44% increase from a year ago. Growth in top and bottom line Net revenues for the full year of 2016 were RMB260.2bn (US$37.5bn), an increase of 44% from the full year of 2015. Revenues from services and others, mainly from the company’s ecommerce marketplace,  increased by 66% in 2016. L...
28 February 2017
JD.com, China’s second largest ecommerce platform, has opened three offline stores, following Alibaba and Amazon. The stores JD.com currently has three bricks-and-mortar stores, all of which are located inside the stores of Yonghui, its strategic partner. Two of the stores are located in Beijing, and the other one in Chongqing. These stores are about 20 sq.m with three to four staff pro...
23 February 2017
It’s reported that Walmart aims to add 30 to 40 new stores in China, including three to five Sam’s Club outlets, in 2017. It will also upgrade current stores and continue to work with JD.com. Solid performance drives expansion Walmart has seen healthy growth in China in the latest quarter,  with 2.3% like for like increase . This follows its strategic partnership signed with JD.com to e...
20 June 2016
Walmart and JD.com, China's second largest ecommerce operator, are forming a strategic alliance covering a wide range of business activities, covering online and offline retail. This includes the sales of certain assets relating to the Yihaodian marketplace business. Walmart determined to win in its fourth largest international market Walmart first entered China in 1996, with the market hav...