JD.com

JD.com Inc.
legal form	Inc.
ISIN	US47215P1066
founding	1998
Seat	Beijing , People's Republic of China
Number of employees	175,954
sales	576.9 billion RMB ( $ 82.9 billion )
Branch	Internet
Website	www.jd.com
As of December 31, 2019

JD.com Inc. ( Chinese  京东 , Pinyin Jīngdōng ) is a Chinese Internet company that operates the online trading platform JD .com and was founded in 1998 as JD Multimedia by Richard Liu (Liu Qiangdong) and went under the name JD.com in 2004 on-line. The joybuy.com website is operated for the global market .

history

On June 18, 1998, Richard Liu, born in 1973 or 1974, rented a store in Beijing with the money he saved and founded JD Multimedia, which would later become JD.com. The “J” stands for the first name of his girlfriend at the time “Jing”, the “D” for “Dong”, the short form of his own first name. In 2003 Liu had already opened 12 stores, but was forced to temporarily close his stores due to the outbreak of the SARS epidemic in Beijing. Liu saw his chance to move the business to the Internet and sold his first goods through various Internet forums. He opened his online business in 2004 under the name jdlaser.com, which became JD.com that same year. At that time, only electronics were sold online. It wasn't until 2008 that JD.com began to offer other goods online. In 2010 JD.com opened its online marketplace. In 2016, Walmart and JD.com entered into a strategic partnership. Walmart sold its own online platform Yihaodian for a 5% stake in JD.com. In the same year, the company used drones to deliver goods to customers in rural areas for the first time. In 2017, JD.com invested 397 mil. US dollars in the online luxury goods platform Farfetch . In the same year, the company expanded its own platform to include Toplife, a special online shop only for high-priced luxury labels. At the end of 2017, the company opened the first 7Fresh store in Beijing. The joint venture established in 2015 between JD.com and the German mail order company Otto will be dissolved in 2018 after more than two years of existence, as there are disagreements about the strategic direction of the B2B platform “Zitra”. That same year, Alphabet acquired 550 mil. US dollars a little less than 1% stake in JD.com. Since 2018, the company has also been transporting goods from Europe to its home market by train, with the trains serving as mobile department stores from which customers can order goods while they are being transported.

Companies

The company had sales of $ 55.7 billion in 2017 and has been listed on the NASDAQ as part of the NASDAQ-100 since 2014 . The number of users for JD.com in 2017 was 301.8 million. In 2018, JD.com employs around 65,000 deliverers in China who deliver goods from over 500 department stores including logistics centers to customers and around 7,000 packing stations. In Europe, the company operates a logistics center in France. Since 2017, the logistics and quality control of goods has been provided by a solution from the logistics company Kuehne + Nagel . JD.com has been a member of the American Apparel & Footwear Association (“AAFA”) since 2017 . JD.com offers partners including a. Danone , Oldenburger or Unilever offer their entire infrastructure as Retail as a Service (Raas).

Investors

The company's largest investors include Tencent with around 20% and Walmart with 12.1%. Alphabet holds a little less than 1%. Further investors are Sequoia Capital, Hillhouse Capital, China Merchants Group.

Holdings

• In 2015, the company invested 700 mil in the supermarket chain Yonghui Superstores . US dollars for a 10% share.
• JD.com is one of Farfetch's largest shareholders.
• Since 2018, JD.com has also been one of the main shareholders of the Vietnamese e-commerce platform Tiki.

Strategic partnerships

Tencent's stake in JD.com gives the company access to the 988.6 mil. active users on WeChat . Moreover, there is also a partnership for the evaluation of offline and online customer data under the name JD Tencent Retail Marketing is operated . Alphabet's involvement gives JD.com access to Google Shopping in the Americas and Europe. Farfetch will gain access to more customers through the participation of JD.com, while JD.com will be able to expand the segment with luxury labels. Since 2017 there has been a partnership with data access between Netease and JD.com, which enables the dealers of JD.com to target users within the Netease products with targeted advertising. Baidu and JD.com have also been in a partnership with data sharing since 2017. This enables Baidu users to make purchases on JD.com from all mobile apps without having to leave the respective app. The company also has a mutual data access partnership with Sogou. Sogou users can also order here on JD.com without having to leave Sogou products.

sales

JD.com net sales in billions

year	RMB	U.S$
2010	8,583
2011	21,129
2012	41,381
2013	69.340
2014	115.002	18,535
2015	181.042
2016	258,290	37.465
2017	362,332	55.689

Web links

• www.jd.com (Chinese)
• www.joybuy.com (English)

Individual evidence

1. ↑ ^{a b} JD.com: Annual Report 2019 (PDF), accessed on June 10, 2020 (English)
2. ↑ ^{a b} About Joybuy. Retrieved August 14, 2018 . 
3. ↑ ^{a b c} JD.com, Inc. Retrieved August 14, 2018 . 
4. ^ ^{A b} How E-Commerce Is Transforming Rural China . In: The New Yorker . ( newyorker.com [accessed August 15, 2018]).
5. ↑ ^{a b} China's glamorous couple attack - first Alibaba, then Amazon? In: manager-magazin. Retrieved August 17, 2018 . 
6. ↑ ^{a b} meet the $ 8 billion retail man who's about to take on the UK . In: The Independent . ( independent.co.uk [accessed August 15, 2018]).
7. ↑ Walmart and JD.com Announce Strategic Alliance to Serve Consumers across China. (No longer available online.) Archived from the original on August 17, 2018 ; accessed on August 17, 2018 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  
8. ↑ ^{a b} Walmart partners with JD.com to launch Asda in China . In: The Drum . ( thedrum.com [accessed August 17, 2018]).
9. ↑ ^{a b} Login - DVZ. Retrieved August 17, 2018 . 
10. ↑ Together, JD.com and Farfetch open a gateway to bring luxury labels to China . In: Der Tagesspiegel Online . June 22, 2017, ISSN  1865-2263 ( tagesspiegel.de [accessed August 17, 2018]).
11. ↑ JD.com, Inc. (No longer available online.) Formerly in the original ; accessed on August 17, 2018 (English).  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.    
12. ↑ Advertising & Selling: This is behind the luxury e-commerce platform Toplife | W&V . ( wuv.de [accessed on August 17, 2018]).
13. ↑ JD.com opens second 7Fresh supermarket - Inside Retail Asia . In: Inside Retail Asia . March 8, 2018 ( insideretail.asia [accessed August 18, 2018]).
14. ↑ Otto Group: Linking the e-commerce markets of Europe and China: Otto Group establishes joint venture with JD.com , accessed on August 16, 2018
15. ↑ Zitra: Zitra - a joint venture of the otto group and jd.com ( Memento of the original dated August 16, 2018 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed on August 16, 2018 
16. ↑ Lebensmittelzeitung.net : Otto Group gives up joint venture with JD.com , accessed on August 16, 2018
17. ↑ ^{a b c} boerse.ARD.de: Google and JD.Com together against Alibaba | Stock News | boerse.ARD.de . In: boerse.ARD.de . ( ard.de [accessed on August 16, 2018]). Google and JD.Com join forces against Alibaba | Stock News | boerse.ARD.de ( Memento of the original dated August 16, 2018 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  
18. ↑ JD.com's Europe-China Freight Train Takeover Brings the Chinese Market Even Closer to European Producers - JD Corporate Blog . In: JD Corporate Blog . May 22, 2018 ( jdcorporateblog.com [accessed August 20, 2018]).
19. ↑ ^{a b c} JD.com Factsheet - JD Corporate Blog . In: JD Corporate Blog . ( jdcorporateblog.com [accessed August 15, 2018]).
20. ↑ manager-magazin: Chinese online giant attacks German retailers , accessed on August 5, 2018
21. ↑ Kuehne + Nagel establishes global supply chain quality control solution for JD.com . In: Kuehne + Nagel establishes global supply chain quality control solution for JD.com . ( kuehne-nagel.com [accessed August 17, 2018]).
22. ^ Chinese E-Commerce Giant JD.com Joins the American Apparel & Footwear Association . In: The Fashion Law . ( thefashionlaw.com [accessed August 18, 2018]). Chinese E-Commerce Giant JD.com Joins the American Apparel & Footwear Association ( Memento of the original from August 18, 2018 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.  
23. ↑ Unilever Chooses JD.com as Chinese Logistics Provider - JD Corporate Blog . In: JD Corporate Blog . August 14, 2018 ( jdcorporateblog.com [accessed August 20, 2018]).
24. ↑ Investor's Business Daily: JD.com Raises $ 2.5 Billion To Expand Logistics Network In China | Stock News & Stock Market Analysis - IBD . In: Investor's Business Daily . February 14, 2018 ( investors.com [accessed August 20, 2018]).
25. ↑ Yue Wang: JD.com Invests $ 700 Million In Chinese Supermarket Chain Yonghui . In: Forbes . ( forbes.com [accessed August 22, 2018]).
26. ↑ ^{a b} Together, JD.com and Farfetch open a gateway to bring luxury labels to China . In: Der Tagesspiegel Online . June 22, 2017, ISSN  1865-2263 ( tagesspiegel.de [accessed August 17, 2018]).
27. ↑ Tiffany Ap: JD.com To Take Majority Stake in Vietnam's Tiki . In: WWD . January 16, 2018 ( wwd.com [accessed August 20, 2018]).
28. ↑ Alibaba and JD.com: Turmoil in e-commerce - China's online retailers launch attack on Amazon, Zalando and Otto . ( handelsblatt.com [accessed August 17, 2018]).
29. ↑ Tencent 腾讯 - Investor Relations. Retrieved August 17, 2018 . 
30. ↑ it-times: JD.com and Tencent want to jointly use customer data for target group-specific marketing . ( it-times.de [accessed on August 20, 2018]).
31. ^ JD strengthens advertising stranglehold with NetEase partnership TechNode . In: TechNode . September 28, 2017 ( technode.com [accessed August 18, 2018]).
32. ↑ JD and Baidu partner to offer AI-driven advertising and app integration TechNode . In: TechNode . August 11, 2017 ( technode.com [accessed August 18, 2018]).
33. ↑ JD.com Forms Partnership with Sogou to Strengthen E-Commerce Marketing - JD Corporate Blog . In: JD Corporate Blog . October 20, 2017 ( jdcorporateblog.com [accessed August 20, 2018]).
34. ↑ JD.com, Inc. (No longer available online.) Archived from the original on July 7, 2017 ; accessed on August 15, 2018 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.