JD.com, a major e-commerce giant in China, has reported a 1.2% increase in total revenue compared to the same quarter last year, reaching 2.91 trillion yuan, with net profit increasing to 1.26 trillion yuan. Revenue from JD Retail, the company’s main source of income, saw a 1.5% increase to 2.57 trillion yuan, while JD Logistics’ business grew by 7.7% to 44 billion yuan. In the past quarter, JD.com strategically partnered with leading Chinese brands such as Xiaomi, Lenovo, and OPPO to develop products and incorporate technology into their supply chain and AI.
Sandy Xu, CEO of JD.com, emphasized the company’s dedication to improving supply chain efficiency and providing a superior customer experience, setting JD apart from other e-commerce giants in China. This approach allows JD to offer high-quality products at competitive prices without compromise.
Source: JD.com
TLDR: JD.com reports a modest increase in total revenue and net profit, with a focus on strategic partnerships and enhancing customer experience to differentiate itself in the Chinese e-commerce market.
Leave a Comment