JD.com, Inc.

JD.com, Inc. is a Chinese direct online sales company. JD.com has the largest logistics infrastructure in the e-commerce market in China, operates 7 order processing centers, 213 own warehouses in 50 cities and 5,367 sending and receiving stations in 2,356 cities and districts of China. The company is included in the NASDAQ 100.

In the field of cloud technologies, JD.com in 2022 ranks fourth in the Chinese market.

History

2023: Sandy Xu Ran's appointment as CEO of JD.com

On May 11, 2023, the Chinese e-commerce corporation JD.com announced the appointment of a new CEO. Xu Lei, who led the company for about a year, decided to resign for "personal reasons." Read more here.

2022: $1.42 billion purchase of logistics company Deppon Logistics

In mid-March 2022, Chinese online retailer JD.com announced the purchase of Deppon Logistics to strengthen its logistics infrastructure. As part of the deal, JD Logistics will receive a 99.99% stake in Deppon Holdco for a total of about $1.42 billion. Read more here.

2021

Tencent sold stake in JD.com for $16.3 billion

In mid-December 2021, Tencent sold its stake in the Chinese online retailer JD.com. The total value of shares is estimated at $16.3 billion.

Tencent will hand over $16.3 billion in dividends to its shareholders, CNN reported. At the same time, Tencent's share in JD.com will decrease from 17% to 2.3%. Thus, the founder of the JD.com, Richard Liu Qiandong, who owns 13.9% of the shares, will become the largest shareholder of the company, followed by Walmart with a share of 9.3%.

Tencent sold a stake in JD.com for $16.3 billion

Tencent's exit from JD.com comes at a time when internet PEOPLE'S REPUBLIC OF CHINA giants are under intense pressure from Beijing. For 2021 China , he strengthened control over the technology industry, published detailed rules aimed at combating unfair competition, imposed large fines on companies and demanded that some firms completely revise their business.

The JD.com has reached a status where it can fund its own growth, Tencent said. So, according to Tencent, now is the "right time" to hand over most of the package to shareholders.

The move could reduce Tencent's market "dominance" and "is potentially an attempt to move to fairer competition as well as more in line with Chinese authorities," said IG market strategist Yeap Jun Rong.

As part of the deal, Tencent President Martin Lau will step down as director, according to CNN JD.com. The two companies will "continue to maintain mutually beneficial business relationships," including an up-to-date strategic partnership agreement.

Everbright Sun Hung Kai analyst Kenny Ng believes that it is precisely the reduction in Tencent's share in JD.com that may not have a significant impact on the real business of the e-commerce company, but the desire of shareholders to sell the received securities may cause concern.^[1]

Start accepting digital yuan

In November 2021, online retailer JD.com first began accepting the Chinese digital yuan to pay on its platform. While the Chinese digital currency, e-CNY, is not officially distributed across China, the internet retailer's move to embrace it during the country's largest shopping event (bachelor's day) underscores the Chinese central bank's push to try it out in a wide-ranging environment.

The company said that as of November 11, 2021, more than 100,000 thousand used e-CNY in the company's application during the festive promotion period, which began on the evening of October 31 and will end on the evening of November 11, 2021.

Internet retailer JD.com has begun accepting digital yuan

In the event that users dial e-CNY in the JD app, they receive instructions on how to download the Chinese digital currency app. These users will receive ¥15 ($2.34) that can be spent. This is the digital form of the country's currency, designed to replace coins and cash in circulation in China. Once officially implemented, it will be issued through banks and other financial institutions by the People's Bank of China, the country's central bank. Throughout 2020 and 2021, pilot issues of the digital yuan were held in Chinese cities by distributing free money to citizens through lotteries. There are no specific plans for nationwide implementation yet.

Singles Day - 'that holiday when Chinese e-commerce players announce big discounts and collect a lot of revenue from sales, can be a good test to see how the digital currency will withstand a massive situation. From December 11, 2020 to June 18, 2021, 450 thousand customers used payments in electronic currency in the JD application and spent a total of more than ¥100 million (about $15.6 million). This is the latest public spending data using digital currency released by JD.^[2]

2020: The creation of a new company JD Digits, into which IT and cloud assets are transferred

At the end of December 2020, JD.com announced the creation of a new company Jingdong Digits Technology Holding (JD Digits), which will transfer projects in the field of artificial intelligence and cloud computing developed by the Internet giant. The relevant filing was filed with the U.S. Securities and Exchange Commission (SEC). Read more here.

2018

JD Health online pharmacy goes public

In early December 2020, the company, the JD Health medical arm of Chinese e-commerce giant JD.com, conducted an initial public offering of its shares on the stock exchange in. Hong Kong The company issued 381.9 million shares at a price of 70.58 Hong Kong per dollars share ($9.11) to raise up to $3.5 billion. More. here

Hydraulic truss start-up

On December 6, 2018, JD.com announced the launch of a 11,040 square meter hydroponic farm, built in collaboration with the Japanese company Mitsubishi Chemical. Read more here.

Use of robots delivering goods within a 5km radius

In November 2018, the Chinese internet retailer JD.com the first robot courier station in Changsha, the capital of Hunan province in central China.

At the delivery station with an area of ​ ​ 600 square meters, a team of 20 courier robots serving customers within a radius of 5 km from the station is located. Liu Xiangdong, director of the JD.com Autopilot Courier Delivery Center, said they robots could carry out up to 2,000 deliveries a day. The company is JD.com promoting the use of courier robots in a number of Chinese cities, including Beijing.

Robot courier JD.com

In early 2018, JD.com said it was partnering with Chinese robot manufacturer Siasun to develop logistics robots and provide a fully automated shopping process - from ordering from the site to delivering goods to a customer. By 2023, JD.com intends to renovate 800 logistics centers across the country using AI technologies.

Company founder Liu Qiangdong said the JD.com aims to create an intelligent system covering warehouses, delivery vehicles, distribution stations and customer service. In the future, according to retailers, human couriers will sit in the office and monitor the machines doing their work.

All robots of Changsha station are equipped with autopilot function and can move at a speed of 15-20 km per hour, move along a steep slope or overcome steps. Each robot is a moving cargo tank with 22 slots for goods. It can differentiate customers using facial recognition technology or order when entering a password.

JD.com is also developing unmanned aerial vehicles that can take off and land vertically to be used to courier orders to remote areas of China.^[3]

Detaining a chapter for a sex crime

In late August 2018, Liu Qiandong was arrested in the US state of Minnesota. The founder and CEO of a major Chinese internet and e-commerce company,  JD.com, has been charged with a sex crime. Read more here.