Jd.com, Inc. (NASDAQ:JD)

WEB NEWS

Wednesday, December 26, 2018

Notable Share Transactions

BEIJING, Dec. 26, 2018 (GLOBE NEWSWIRE) -- JD.com, Inc. (JD), China’s leading technology driven e-commerce company and retail infrastructure service provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$1.0 billion of its shares over the next 12 months.

The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.


Monday, June 18, 2018

Joint Venture

BEIJING, June 18, 2018 (GLOBE NEWSWIRE) -- JD.com, Inc., China’s leading technology-driven e-commerce company, and Google, announced today that Google will invest $550 million in cash in JD.com as part of a strategic partnership.

Google and JD plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe. By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering helpful, personalized and frictionless shopping experiences. JD also plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions.

“This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world,” said JD.com’s Chief Strategy Officer Jianwen Liao. “This marks an important step in the process of modernizing global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.”

"We are excited to partner with JD.com and explore new solutions for retail ecosystems around the world to enable helpful, personalized and frictionless shopping experiences that give consumers the power to shop wherever and however they want,” said Google Chief Business Officer Philipp Schindler.

Under the agreements, Google will receive 27,106,948 newly issued JD.com Class A ordinary shares at an issue price of $20.29 per share, equivalent to $40.58 per ADS, based on the volume-weighted average trading price over the prior 10 trading days.


Friday, September 15, 2017

Joint Venture

BANGKOK, Thailand and BEIJING, Sept. 15, 2017 (GLOBE NEWSWIRE) -- JD.com, (NASDAQ:JD), China's largest retailer, leading Chinese fintech company JD Finance, Thailand’s largest retail conglomerate Central Group, and Provident Capital today announced an aggregate investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively.

Under the terms of the agreement, half of the investment will come from Central Group, with the remainder coming from JD.com, JD Finance and Provident Capital, which is also JD.com’s strategic partner for its Indonesian e-commerce business.

JD.com will provide its extensive expertise in technology, e-commerce and logistics to the e-commerce joint venture. Meanwhile, the fintech services joint venture will benefit from JD Finance’s deep knowledge in the financial technology sector, including its experience building out easy-to-use fintech services in developing markets using its artificial intelligence, cloud computing and other industry-leading technology capabilities. Across both businesses, Central Group will leverage its immense retail resources, including its physical store network, which will serve as key omni-channel and payment locations, its wealth of brand and merchant relationships, as well as its retail behavior insights from its hugely popular customer loyalty program, “The 1 Card.” To strengthen the product offering, and to accelerate its own omni-channel growth, Central Group will open multiple flagship stores on the e-commerce platform for its department stores and key retail chains, as well as for select brands owned or operated by Central Group.

“Thailand’s large population and developed infrastructure, including strong national logistics networks, give it tremendous potential for both e-commerce and fintech services,” said Richard Liu, JD.com’s Chairman and CEO. “Working with Thailand’s strongest retail conglomerate, with a massive shopping mall and department store network, gives us a huge competitive advantage as we expand further into Southeast Asia.”

“JD’s proven track record of successfully building out national online retail businesses made it the obvious choice to be our e-commerce partner,” said Tos Chirathivat, Chief Executive Officer of Central Group. “Thailand’s mobile-driven population, with its increasing consumer spending power, means that e-commerce is ready to explode, and this partnership is poised to capture the country’s consumers as they migrate online. This move marks a key step in Central Group’s goal to become Thailand’s online retail leader.”


Tuesday, July 25, 2017

Joint Venture

BEIJING, July 25, 2017 (GLOBE NEWSWIRE) -- Strategic partners Walmart (NYSE:WMT) and JD.com (Nasdaq:JD) are expanding their cooperation to further integrate their platforms, supply chains and customer resources in China. Coinciding with the launch of the first JD-Walmart 8.8 omni-channel shopping festival on August 8, the new initiatives aim to offer shoppers throughout China faster and more convenient access to high-quality authentic products through multiple channels.

Walmart and JD.com established their pioneering partnership one year ago, combining the strengths of Walmart and China’s largest online retailer to generate exciting new ecommerce and retail initiatives. The collaboration is helping boost the popularity of U.S.-made products in China and allowing shoppers to directly buy goods from Walmart stores on the JD.com platform.

“Since forming our strategic partnership with JD.com in June of last year, we have continued to expand our omni-channel strategy to better serve customers and grow our business in China,” said Ben Hassing, senior vice president of Walmart China eCommerce and Technology. “Our ability to tap into JD.com’s advantages across logistics, big data, technology and customer service gives Walmart a huge advantage in reaching China’s rapidly expanding consumer class. We look forward to further bringing together our strengths in digital and physical retail to take the customer experience in China to the next level.”

“As technology pushes the boundaries of what is possible, JD.com and Walmart’s global supply chain excellence offers complementary platforms and a commitment to customers that provides us with an enormous opportunity to define the future of retail in China,” said Carol Fung, President of JD Fast Moving Consumer Goods.

The expanded partnership increases their cooperation in the following areas:

• Inventory integration

Walmart and JD.com will deploy a jointly developed supply chain and backend system to integrate inventory management. When a customer places an order on JD.com, JD’s proprietary order management system will analyze data from both companies’ stock systems to determine whether a JD warehouse or Walmart store is closer to the customer, and dispatch a JD courier accordingly. This will significantly improve delivery efficiency for customers, optimize delivery routes for JD and increase Walmart’s inventory turnover rate.

Walmart and JD.com will launch pilot projects for inventory integration in six cities: Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu and Wuhan.            

• Customer integration

Beginning July 20, customers have been able to scan a QR code at more than 400 Walmart stores in China to earn coupons for use at the Walmart online stores on JD.com during the 8.8 shopping festival on August 8. The festival will help Walmart extend its reach to the 99% of the country’s population that JD’s delivery network covers, bringing high-quality Walmart products to more Chinese customers nationwide.

August 8 is one of most auspicious dates on the Chinese calendar, which was why the Beijing Olympics opened on that date in 2008. The 8.8 omni-channel shopping festival will offer savings offered across all the different JD and Walmart channels and rewards for shopping multiple channels. The event will feature a livestream broadcast from Walmart's first U.S. store and an 8.8 Reunion during the day, where multi-channel customers can share their experiences to earn rewards and the chance to join a special 8.8 Reunion celebration. 

• Store and platform integration

As part of its ongoing omni-channel push, JD.com recently set up its first JD Home store inside a Walmart store in Shenzhen. JD’s offline store project, JD Home, sells electronic products complementing Walmart’s product categories.

JD is also establishing JD pick-up stations in Walmart stores to provide more pick-up options for JD digital customers.

Since teaming up with JD.com one year ago, Walmart has launched five online stores on JD platforms. Chinese consumers can now shop the Walmart, Sam’s Club and ASDA brands from China to access high-quality authentic goods with timely delivery and at reasonable prices. In addition, 134 Walmart stores across 18 cities have also joined the JD Daojia platform to offer fast delivery of orders in one hour.

During JD’s June 18 Anniversary Sale this year, Walmart’s international products sales on JD.com increased four times compared to sales during JD’s Single’s Day (November 11) shopping festival in 2016. By July 2017, the number of fans “following” the Sam’s Club Flagship Store on JD had reached nearly 700,000. In addition, Walmart’s sales on the JD Daojia platform increased by more than four times in June 2017 as compared to January 2017.


Thursday, June 22, 2017

Comments & Business Outlook

BEIJING, June 22, 2017 /PRNewswire/ --

JD invests $397 million in Farfetch, leaps further into luxury sector

Partnership allows Chinese consumers to access Farfetch's unique curation of the best luxury brands online

E-commerce giant, JD.com (Nasdaq: JD), China's largest retailer and Farfetch, the leading global e-commerce platform for the fashion industry, today announced a strategic partnership that will create the premier platform for luxury e-commerce across China, opening a gateway to an $80 billion market.

The strategic partnership between JD.com and Farfetch leverages JD's unparalleled logistics, Internet finance and technology capabilities and social media resources, including its WeChat partnership, with Farfetch's leadership in global luxury, to create a frictionless and seamless brand experience. Farfetch has well-established operations in China and is already the partner of choice for 200 luxury brands and more than 500 multi-brand retailers. JD will help drive further brand awareness, traffic and sales for Farfetch in the market.

As part of this partnership, JD.com will become one of the largest shareholders of Farfetch, investing $397 million, and Richard Liu, JD.com's founder and CEO, will join the Farfetch board. JD and Farfetch will partner on marketing, logistics and technology solutions to build the brand in China, while Farfetch will continue to be the customer-facing brand.

The combined strength of the Farfetch-JD partnership will benefit all 700 brands and boutiques that are part of the Farfetch community, enabling them to take advantage of the vast resources of this new gateway to China's luxury market.

Leveraging JD Luxury Express, JD's recently launched white glove service, Farfetch will be able to offer customers a premium level of service befitting the world-class brands sold on the site. For Chinese consumers, this combination of Farfetch's luxury know-how, and JD's blazing same-day delivery speeds and highly professional service, will provide an unparalleled luxury proposition.

Farfetch partner brands with a local retail presence, will also have access to world-class omni-channel capabilities, including click & collect and in-store returns, connecting the brands' physical retail stores in China to consumers.

The joint efforts between the two companies will also include leveraging BlackDragon, a digital marketing technology platform powering entities across retail, e-commerce, tech, finance, travel, education and auto. BlackDragon will enable Farfetch to activate the vast resources of JD's treasure trove of big data and help it market and build automated marketing pipelines to spur Farfetch's name recognition and market position in China.

In addition, through the partnership, Farfetch users in China will also gain access to a variety of services from JD Finance. These will include JD Pay, which will be a preferred payments partner, and Baitiao, JD Finance's popular consumer microcredit channel.

The announcement comes as JD is placing a greater focus on high-end luxury and fashion to match the huge demand among its upwardly mobile customers. Over the last two years, JD has hosted fashion shows in New York, Milan, London, Beijing and Shanghai. Since the beginning of the year, the company has hired Winston Cheng as President of International to lead its international business development with global partners and overseas investments, and separated JD Fashion into a new business unit under the e-commerce business and named Xia Ding as the president, giving the vertical greater priority. In 2017, JD Fashion has made a major push in the luxury and fashion areas, launching several key international brands on the site, including Armani, Swarovski and Zenith.

"As part of our major luxury push, we could not have found a stronger online partner than Farfetch," said Richard Liu, Chairman and CEO of JD.com. "We have always believed that the long-term trend of Chinese e-commerce is towards quality over price and this partnership with Farfetch further extends our lead in the battle for the future of China's upwardly mobile consumers. We look forward to deepening our relationships with Farfetch and luxury brands in the months and years ahead."

"We are deeply honoured and excited to be announcing this partnership with Richard Liu and JD.com," José Neves, Founder, Co-Chairman and CEO of Farfetch. "China is the world's second largest luxury market, and we are delighted to have such a respected partner, known for its strict protection of IP, with whom to address Chinese luxury consumers. This partnership addresses the market's challenges by combining the Farfetch brand and curation with the scale and influence of the foremost Chinese e-commerce giant. This strategic partnership will provide brands a seamless, immediate access to the luxury consumer and Chinese luxury shoppers with access to the greatest selection of luxury in the omni-channel way of life they have already fully embraced."

Regarding the addition of Mr. Liu to Farfetch's board, Mr. Neves added, "I am humbled and honoured to have one of the Internet's most legendary entrepreneurs - Richard Liu - join our board, alongside Dame Natalie Massenet and Jonathan Newhouse, Chairman and Chief Executive of Condé Nast International. We are honoured to have the advice and guidance of China's premier e-commerce guru as part of our highly experienced team, sitting around the same table as the world's luxury online pioneer and one of the world's pre-eminent publishers."


Monday, May 8, 2017

Comments & Business Outlook

First Quarter 2017 Financial Results

  • Net revenues for the first quarter of 2017 were RMB76.2 billion (US$1 11.1 billion), an increase of 41.2% from the first quarter of 2016. Net revenues excluding JD Finance2 increased by 39.8% to RMB75.2 billion in the first quarter of 2017, up from RMB53.8 billion in the same period last year.
  • EPS and Non-GAAP EPS. Net income per ADS for the first quarter of 2017 was RMB0.17 (US$0.02), compared to net loss per ADS of RMB0.66 for the first quarter of 2016. Non-GAAP net income per ADS for the first quarter of 2017 was RMB1.03 (US$0.15), as compared to non-GAAP net loss per ADS of RMB0.15 in the first quarter of 2016.

“The strong results across the board reflect that the Chinese market is embracing our model of a high-quality online shopping experience,” said Richard Liu, Chairman and CEO of JD.com. “China’s increasingly discerning consumers are migrating en masse to our unwavering vision of online retail that prioritizes quality and user experience above all else. Looking forward, we are focused on further enhancing our customer experience, while leveraging the capabilities of our platform to serve the needs of a broader business ecosystem.”

“We are pleased to report another strong quarter of top and bottom line growth, as margins benefited from our rapidly growing scale across all of our product categories, as well as improved operating leverage,” said Sidney Huang, JD.com’s Chief Financial Officer. “In the quarters ahead, we will continue to invest in innovative technologies to ensure long-term growth across our platform.”

Second Quarter 2017 Guidance

Net revenues for the second quarter of 2017 are expected to be between RMB88.0 billion and RMB90.5 billion, representing a growth rate between 35% and 39% compared with the second quarter of 2016. Net revenues excluding JD Finance for the second quarter of 2017 are expected to be between RMB86.6 billion and RMB89.1 billion, representing a growth rate between 33% and 37% compared with the second quarter of 2016. This forecast reflects JD.com’s current and preliminary expectation, which is subject to chang


Thursday, March 2, 2017

Comments & Business Outlook

Fourth Quarter 2016 Financial Results

  • Net revenues for the fourth quarter of 2016 were RMB80.3 billion (US$111.6 billion), an increase of 47% from the fourth quarter of 2015.
  • Non-GAAP net income per ADS for the full year of 2016 was RMB0.75 (US$0.11), as compared to non-GAAP net loss per ADS of RMB0.62 in the full year of 2015.

“We are very pleased to see continued strong momentum across the board, further demonstrating that our vision of a high-quality e-commerce experience is winning the Chinese market,” said Richard Liu, Chief Executive Officer of JD.com. “Our robust growth reflects the appreciation among Chinese consumers for our commitment to authentic products and unparalleled service. As we look to the future, our focus on superior technology will be the key to further extending our industry leadership.”

“We’re delighted to report very strong top and bottom line growth for the quarter, and margins continued to benefit from the rapidly expanding scale of the JD.com platform,” said Sidney Huang, JD.com's Chief Financial Officer. “We remain committed to investing in technology and customer service to drive long-term sustainable growth across our established and emerging business areas.”

First Quarter 2017 Guidance

Net revenues for the first quarter of 2017 are expected to be between RMB72.3 billion and RMB74.3 billion, representing a growth rate between 34% and 38% compared with the first quarter of 2016. This forecast reflects JD.com's current and preliminary expectation, which is subject to change


Tuesday, November 15, 2016

Comments & Business Outlook

Third Quarter 2016 Financial Results

  • Net revenues for the third quarter of 2016 were RMB60.7 billion (US$[1]9.1 billion), an increase of 38% from the third quarter of 2015. Revenues from services and others, mainly from the company’s e-commerce platform business, for the third quarter of 2016 were RMB5.6 billion (US$0.8 billion), an increase of 60% from the third quarter of 2015.
  • EPS and Non-GAAP EPS. Net loss per ADS for the third quarter of 2016 was RMB0.64 (US$0.10), compared to RMB0.39 for the third quarter of 2015. Non-GAAP net income per ADS for the third quarter of 2016 was RMB0.20 (US$0.03), as compared to RMB0.02 in the third quarter of 2015.

“We are delighted to announce another strong quarter of results, with solid growth in revenue and new users, as Chinese consumers increasingly prefer to shop online for high-quality products,” said Richard Liu, Chief Executive Officer of JD.com. “Long-term investment in our business model is clearly winning over the market and changing the dynamics of e-commerce in China. Looking ahead, we will continue to pursue growth while stepping up our investment in cutting-edge technologies to further enhance user experience.”

“We are very pleased to see continued market-leading growth while improving our JD Mall operating margin across all categories, and our free cash flow for the trailing twelve months reached another record high,” said Sidney Huang, JD.com's Chief Financial Officer. “We expect further margin expansion in the years ahead as we focus on technology-driven growth initiatives and strategic investments that lay the groundwork for our long-term industry leadership.”

Fourth Quarter 2016 Guidance

Net revenues for the fourth quarter of 2016 are expected to be between RMB75.0 billion and RMB77.5 billion, representing a growth rate between 37% and 42% compared with the fourth quarter of 2015. This forecast reflects JD.com’s current and preliminary expectation, which is subject to change.


Wednesday, August 10, 2016

Comments & Business Outlook

Second Quarter 2016 Financial Results

  • Net revenues for the second quarter of 2016 were RMB65.2 billion (US$19.8 billion), an increase of 42.0% from the second quarter of 2015.
  • Net Loss and Non-GAAP Net Income9.  Net loss for the second quarter of 2016 was RMB132.1 million (US$19.9 million), a decrease of 74% from a net loss of RMB510.4 million for the same period last year. Non-GAAP net income for the second quarter of 2016 was RMB391.4 million (US$58.9 million), as compared to non-GAAP net loss of RMB15.7 million in the second quarter of 2015.

“We are pleased to record another strong quarter of healthy growth, with improving operating performance driving customer satisfaction,” said Richard Liu, Chief Executive Officer of JD.com. “With our reputation for high-quality online shopping and same-day delivery already cemented with Chinese consumers, we are taking steps to further extend that advantage through efforts like our new strategic alliance with Walmart and Chinese online supermarket Yihaodian. We are successfully pursuing our vision of providing a superior, all-categories e-commerce platform through partnerships with top brands and investments in cutting-edge technologies that extend our lead in fulfillment and overall user experience.”

“We are thrilled to see continued record free cash flow for the trailing twelve months, reflecting the underlying strength of our overall business,” said Sidney Huang, JD.com's Chief Financial Officer. “We are also encouraged by the momentum in our new business initiatives, including JD Finance, which has been self-funding its growth by leveraging its technologies and track record in the first half of 2016. Looking ahead, we will maintain our focus on achieving sustainable, high-quality growth across our businesses, alongside disciplined strategic investments in key business initiatives and technologies.”

Third Quarter 2016 Guidance

Net revenues for the third quarter of 2016 are expected to be between RMB59 billion and RMB61 billion, representing a growth rate between 34% and 38% compared with the third quarter of 2015. This forecast reflects JD.com’s current and preliminary expectation, which is subject to change.


Tuesday, August 2, 2016

Comments & Business Outlook

BEIJING, Aug. 2, 2016 /PRNewswire/ -- Bitauto Holdings Limited (BITA) ("Bitauto" or the "Company"), a leading provider of internet content and marketing services for China's fast-growing automotive industry, today announced that an investor consortium comprised of Tencent Holdings Limited (SEHK:00700) ("Tencent"), a leading provider of comprehensive internet services in China, Baidu, Inc. (BIDU) ("Baidu"), the leading Chinese language internet search provider, JD.com, Inc. (JD) ("JD.com"), a leading e-commerce company in China, Bitauto and other investors has entered into definitive agreements pursuant to which the investor consortium agrees to make investments totaling US$550 million in cash in Yixin Capital Limited ("Yixin Capital"), a subsidiary of Bitauto primarily engaged in e-commerce-related automotive financing platform business.

Bitauto will hold an approximately 47% equity stake in Yixin Capital on a fully diluted basis and will have control over Yixin Capital with majority of voting power at the board upon closings. Bitauto will continue to consolidate the financials of Yixin Capital.

The combination of data, user and capital resources contributed by the investors will allow Yixin Capital to perform more accurate and efficient credit evaluations and increase its ability to provide financing products and services to targeted customers. Yixin Capital will also benefit from access to its partners' broad user resources, which will help to drive customer acquisition and brand awareness. The investor consortium, which includes companies with leading financial services businesses, will explore additional capital funding opportunities with Yixin Capital as it continues to expand its market share.

Mr. William Li, chief executive officer and chairman of Bitauto, said, "Yixin Capital is an important part of Bitauto's platform as we work to create the best possible car purchasing experience for China's new and used car consumers. Today, we are delighted to announce this new investment from a roster of leading global companies, including strategic partners Tencent, Baidu and JD.com. We are confident that with the strong support of our partners, Yixin Capital is well positioned for long-term success in China's online automotive financing industry."


Wednesday, July 27, 2016

Joint Venture

BEIJING, July 27, 2016 (GLOBE NEWSWIRE) -- JD.com (Nasdaq:JD), China’s largest ecommerce company by revenue and a member of the Fortune Global 500, and Lenovo, a global leader in PC and smart devices, today announced an expansion of their existing relationship to address growing consumer and business demand for Lenovo products throughout China.

At an event at JD’s Beijing headquarters, JD.com CEO Richard Liu and Lenovo Chairman and CEO Yang Yuanqing jointly announced that JD.com will become the preferred platform for Lenovo to debut strategic products including notebook and desktop computers, tablets, smartphones, printers, and other smart devices, giving JD.com customers exclusive access to major product launches.

JD.com will offer customers throughout China faster and easier ways to buy authentic Lenovo products and to have their purchases delivered using JD’s own logistics system - the fastest and most reliable network in China.

“We are pleased to expand our longstanding and successful collaboration with Lenovo, a globally recognized leader in technology and personal electronic devices,” said Mr. Liu. “Our customers are enthusiastic buyers of the latest and best electronics, and Lenovo is increasingly seen as a top provider of high-quality, innovative products for both the home and the office.”

“JD.com is one of the most important strategic partners for Lenovo,” said Mr. Yang. “By working together with JD on initiatives such as data sharing, technological innovation and online channel development, we will strengthen Lenovo’s understanding of customer needs which will support our ability to develop customized products. Consumers and enterprise clients in China will also benefit from more convenient access to our quality products and services via JD.com, enabling us to create more value for more customers.”

Lenovo already enjoys a strong distribution network and brand recognition among consumers in China’s smaller cities and rural areas. Augmenting that, JD has a team of 200,000 village promoters, and its Jingdongbang service network supports customers in more than 400,000 villages and towns. Leveraging this network, the companies plan to increase online sales of Lenovo products in rural areas by enabling more shoppers in these areas to benefit from the same price, speed and simplicity advantages as their urban counterparts.

JD.com and Lenovo will also collaborate to develop sales and marketing campaigns using the wealth of big data and advanced analytics available to both companies, which could result in new product offerings customized for specific audiences or specific areas. The companies said that they would offer enterprise clients cloud computing, internet finance, fulfillment systems, IT development and other services to support their success.

Today’s announcement builds on the strong existing partnership between the two companies. Lenovo chose to launch several recent landmark products on JD.com, including the MIIX 2-in-1 tablet and a selection of products from the ThinkPad series. Lenovo has worked with JD.com to roll out a number of successful marketing campaigns in recent years. Earlier this year, Lenovo conducted a successful “Super Brand Day” celebration on JD.com that drove a significant increase in sales of Lenovo products.


Wednesday, July 20, 2016

Joint Venture

BEIJING, July 20, 2016 (GLOBE NEWSWIRE) -- JD.com (Nasdaq:JD), China’s largest ecommerce company by revenue, today announced partnerships with several of Japan’s leading home and kitchenware brands to tap into fast-growing demand from Chinese consumers for premium Japanese-made homeware and home appliances. Japanese brands including Tiger, Pearl Life and Nishikawa Sangyo are working with JD.com to sell their products directly to Chinese consumers.

The partnerships were launched at an event in Tokyo co-hosted with the Japan External Trade Organization (JETRO), a government-affiliated organization that promotes mutual trade and investment between Japan and the rest of the world.

“We’ve seen that Chinese visitors to Japan increasingly use their trips as opportunities to buy Japanese homeware brands, which are renowned in China for their quality and reliability,” said Zhou Xinyuan, general manager of JD.com’s Home Décor Department. “Now, by partnering with us, these top Japanese homeware brands are able to reach beyond the tourist market and sell directly to a much larger pool of consumers in China. We provide immediate access to JD.com’s approximately 170 million active and upwardly mobile customers, a massive base of potential consumers, who are increasingly focused on buying premium products.”

“This partnership with JD.com is a tremendous opportunity for us to substantially expand our potential base of high-quality consumers,” said Takanami Hisao, President of Pearl Life Group. “JD.com’s platform is particularly attractive because it offers an end-to-end solution that makes it quick and easy for us to get our products into the hands of Chinese consumers. JD.com is also committed to providing consumers with only the highest-quality, guaranteed-authentic products, which is a crucial differentiator for us.”

In addition, JD.com announced that the trade promotion association of Tsubame-Sanjo City will work with JD.com to facilitate leading brands from the city’s renowned tableware industry to sell on JD.com.

JD.com is already the ecommerce partner of choice in China for many of Japan’s most popular brands, including TOTO, Panasonic, Zojirushi and Thermos. In June 2015, the company launched a “Japanese Mall” to provide Japanese brands and retailers easier access to the Chinese ecommerce market.


Tuesday, June 21, 2016

Comments & Business Outlook

BEIJING, June 21, 2016 (GLOBE NEWSWIRE) -- JD.com (Nasdaq:JD), China’s largest e-commerce company by revenue, today announced that it will host a week-long roadshow of “British Week” activities in the United Kingdom from June 22 to June 30 to enable more British brands to sell direct to consumers across China. The program will include educational workshops and conferences for UK-based brands interested in the China market, and will culminate with the official launch of British Mall, a new online channel on JD.com showcasing the best of authentic British products.

“Chinese consumers appreciate the quality of British products, but the brands are only beginning to capitalize on the tremendous opportunity,” said Haoyu Shen, CEO of JD Mall. “Our British Week initiative aims to help more UK brands tap into this trend by providing them with the expertise, tools and support they need to access the China market quickly and easily. We look forward to strengthening our partnerships with brands and retailers across the UK.”


Monday, June 13, 2016

Joint Venture

BEIJING, June 13, 2016 (GLOBE NEWSWIRE) -- JD.com (Nasdaq:JD), China’s largest online direct sales company, today announced that the Group Zannier, the global leader in children’s fashion, will launch its first ecommerce flagship store in China on JD.com’s cross-border ecommerce platform, JD Worldwide. The store will feature products from three of the group’s most popular children’s fashion brands – Kenzo Kids, Catimini and 3 pommes, providing Chinese online shoppers with direct access to the Group Zannier’s extensive range of children’s fashion for the first time.

Headquartered in France, the Group Zannier manages a portfolio of 15 of the best-known brands in children’s fashion across more than 900 stores and 10,000 points of sale globally. The group’s flagship store on JD.com will be its first official ecommerce outlet in China, and will enable Chinese consumers to buy clothing and accessories for babies, children and teens from some of the Group Zannier’s key brands.

“The Group Zannier is one of the most influential companies in children’s fashion globally, and we’re delighted to add them to our increasingly diverse selection for Chinese parents,” said Tony Qiu, General Manager of JD Worldwide. “With China now on the cusp of a baby boom, the partnership will further expand our baby and maternal offering, which is already one of the best-selling categories on our platform. We’re looking forward to working with the Group Zannier to tap into the growing consumer demand in high quality imported fashion, and to support the Group Zannier’s business growth in China.”

“JD.com’s reputation for quality and authenticity, and focus on providing a superior user experience are crucial for us in selecting an ecommerce partner in China,” said Gaël Estublier, International Group Director at Group Zannier “We’re excited to work with JD.com to access their 170 million active users and bring more high quality, international fashion to consumers in China.”

The launch of the Group Zannier's official store on JD.com is assisted by France-based China ecommerce specialist F2C E-Solution.

Since its launch in April 2015, JD Worldwide has attracted brands and merchants from over 40 countries and regions. JD Worldwide currently features over 3.3 million SKUs from 7,300 international brands.


Monday, June 6, 2016

Acquisitions

BEIJING, June 6, 2016 /PRNewswire/ -- Baidu, Inc. (BIDU) ("Baidu"), the leading Chinese language internet search provider, Tencent Holdings Limited (SEHK:00700) ("Tencent"), a leading provider of comprehensive internet services in China, and JD.com, Inc. (JD) ("JD.com"), the leading online direct sales company in China, today jointly announced that they have entered into definitive agreements pursuant to which Baidu, Tencent and JD.com each agrees to invest US$50 million in Bitauto Holdings Limited (BITA) ("BitAuto"), a leading provider of internet content and marketing services for China's fast-growing automotive industry.

Baidu, Tencent and JD.com each agrees to purchase 2,471,577 newly issued ordinary shares of Bitauto at US$20.23 per share, corresponding to US$20.23 per American depositary share ("ADS"), each representing one ordinary share of Bitauto. The purchase price represents the average volume weighted closing trading price of Bitauto's ADSs for the five trading days prior to the signing of the definitive agreements. The transaction is subject to customary closing conditions.

Bitauto also announced that pursuant to definitive agreements entered into by and between Bitauto and PA Grand Opportunity Limited ("PAG"), Bitauto agrees to issue convertible bonds ("CBs") to PAG and/or its affiliates in an aggregate principal amount of up to US$150 million. Mr. William Li, chief executive officer and chairman of Bitauto will indirectly purchase a portion of the CBs through PAG under a total return swap arrangement with PAG.

Upon the closing of both transactions, Baidu, Tencent, JD.com and holders of the CBs will hold 3.2%, 7.1%, 23.5% and 8.2%, respectively, of Bitauto's outstanding shares on a fully diluted basis taking into effect the new issuance and the conversion of the CBs at the initial conversion price.

Mr. Li commented, "We are delighted to announce today the strengthening of our strategic partnership with JD.com and Tencent, and the establishment of a new partnership with Baidu, the leader in Chinese language online search. We are also pleased to welcome PAG, a leading regional private investment firm, as an important investor. My personal participation in this transaction is a further testament to management's strong confidence in Bitauto's future development."

"Through our cooperation over the past year with JD.com and Tencent, China's leaders in world-class e-commerce, social media and big data, we have gained tremendous momentum in making Bitauto the industry leader in online automobile transactions. Through our new partnership with Baidu, we expect to leverage its leadership in mobile and desktop online search, big data and transaction services platforms for additional strategic advantages as we continue to create the industry leading new and used car purchasing experience for customers in China."


Friday, April 22, 2016

Deal Flow

JD.com, Inc.

US$500,000,000 3.125% Notes due 2021

US$500,000,000 3.875% Notes due 2026

  We are offering US$500,000,000 of our 3.125% notes due 2021 (the "2021 Notes") and US$500,000,000 of our 3.875% notes due 2026 (the "2026 Notes", together with the 2021 Notes, the "Notes"). The 2021 Notes will mature on April 29, 2021 and the 2026 Notes will mature on April 29, 2026. Interest on the Notes will accrue from April 29, 2016 and be payable on April 29 and October 29 of each year, beginning on October 29, 2016.

  We may at our option redeem the Notes at any time, in whole or in part, at a price equal to the greater of 100% of the principal amount of such Notes and the make whole amount plus accrued and unpaid interest, if any, to (but not including) the redemption date. We may also redeem the Notes at any time upon the occurrence of certain tax events. Upon the occurrence of a triggering event, we must make an offer to repurchase all Notes outstanding at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to (but not including) the date of repurchase. For a more detailed description of the Notes, see "Description of the Notes" in this prospectus supplement.

  The Notes are our senior unsecured obligations and will rank senior in right of payment to all of our existing and future obligations expressly subordinated in right of payment to the Notes; rank at least equal in right of payment with all of our existing and future unsecured unsubordinated obligations (subject to any priority rights pursuant to applicable law); be effectively subordinated to all of our existing and future secured obligations, to the extent of the value of the assets serving as security therefor; and be structurally subordinated to all existing and future obligations and other liabilities of our subsidiaries and consolidated affiliated entities.


Monday, April 18, 2016

Deal Flow

JD.com, Inc.

US$ % Notes due 20

US$ % Notes due 20

  We are offering US$ of our % notes due 20 (the "20 Notes") and US$ of our % notes due 20 (the "20 Notes", together with the 20 Notes, the "Notes"). The 20 Notes will mature on , 20 and the 20 Notes will mature on , 20 . Interest on the Notes will accrue from , 20 and be payable on and of each year, beginning on , 20 .

  We may at our option redeem the Notes at any time, in whole or in part, at a price equal to the greater of 100% of the principal amount of such Notes and the make whole amount plus accrued and unpaid interest, if any, to (but not including) the redemption date. We may also redeem the Notes at any time upon the occurrence of certain tax events. Upon the occurrence of a triggering event, we must make an offer to repurchase all Notes outstanding at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to (but not including) the date of repurchase. For a more detailed description of the Notes, see "Description of the Notes" in this prospectus supplement.

  The Notes are our senior unsecured obligations and will rank senior in right of payment to all of our existing and future obligations expressly subordinated in right of payment to the Notes; rank at least equal in right of payment with all of our existing and future unsecured unsubordinated obligations (subject to any priority rights pursuant to applicable law); be effectively subordinated to all of our existing and future secured obligations, to the extent of the value of the assets serving as security therefor; and be structurally subordinated to all existing and future obligations and other liabilities of our subsidiaries and consolidated affiliated entities.


Friday, April 15, 2016

Going Private News

BEIJING, April 15, 2016 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ:JD), China's largest online direct sales company, today announced that it has entered into a definitive agreement under which its O2O business, JD Daojia, will merge with Dada Nexus Limited, China�s largest crowdsourcing delivery platform, to form a new company.

Upon closing, the newly formed company will continue to operate its crowdsourcing delivery platform under the Dada brand. By leveraging the combined extensive crowdsourcing network of Dada and JD Daojia, the new company will provide low-cost delivery services to China�s retailers, service providers and O2O enterprises, with increased efficiencies. The O2O supermarket platform will continue using the JD Daojia brand, leverage the expanded delivery network and focus on the location-based mobile commerce sector, cooperating with offline supermarkets, convenience stores and other local businesses to provide consumers the fastest premium shopping experience.

Pursuant to the agreement, JD.com will receive approximately 47.4% of the new company�s equity in exchange for the JD Daojia business, various resource support and $200 million in cash. Philip Kuai, CEO of Dada, and Zhijun Wang, President of JD Daojia, will serve as CEO and President of the new company, respectively. The deal is expected to close in the second quarter of 2016, subject to certain closing conditions.

Since launching in June 2014, with its innovative technology and deep understanding of China�s logistics industry, Dada has quickly grown to become the leader in China�s crowdsourcing delivery market. The company�s network covers 37 key cities in China with a total of 1.3 million registered crowdsourced delivery people and average daily deliveries of over one million in peak seasons.

Launched in April 2015, JD Daojia provides consumers two-hour delivery of products from local supermarkets and other partners through its location-based app. In its first 12 months of operation, JD Daojia has already become the leader in China�s O2O supermarket industry, covering over three million customers in 13 cities.

�This merger is a win-win cooperation and an important step forward in building a sustainable O2O ecosystem,� said Richard Liu, CEO of JD.com. �JD Daojia and Dada�s business are highly complementary, with the companies sharing a deep commitment to providing fast delivery service and excellent user experience. I am confident that the new company will continue to innovate and increase efficiencies, which will help to improve quality of life for consumers throughout China.�

�Dada is delighted to enter into this strategic cooperation, which marks a new phase of our business that will leverage our respective strengths to achieve greater efficiencies,� said Philip Kuai, CEO of Dada. �We are grateful for the tremendous support that JD.com is providing, which will help drive the integration between JD.com�s premium brand, user base and supply chain, and Dada�s strength in delivery crowdsourcing. We are excited to further enhance product innovation and deliver a better and faster O2O service experience for users.�


Friday, April 15, 2016

Comments & Business Outlook

MILAN, Italy and BEIJING, April 15, 2016 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced that it is launching a dedicated platform on JD Mall for international home furnishing designers and brands to reach millions of Chinese consumers online.

The initiative was launched at Milan Design Week 2016 where JD.com is participating for the first time. The company is hosting a special furniture and interiors exhibition that showcases the best of Chinese and Italian design, featuring showrooms created by teams of designers from the two countries.

JD.com�s industry-leading ecommerce platform offers international furniture brands and designers the opportunity to access the huge and fast-growing home furnishings market in China. JD.com�s home furnishings business grew over 100 percent in 2015 and there are around 15,000 merchants in the category selling on the company�s platform. JD.com is already working with a number of leading international brands including Ashley, Fissler, Grohe, Harbor House, Kohler, Kuhn Rikon, Toto and Zojirushi.

�Demand for home furnishings on JD.com is exploding, and international brands in particular are gaining traction as consumers look for new fashionable styles and designs,� said Lijun Xin, President of JD.com�s Apparel and Home Furnishing Business Unit. �The new home furnishings platform reflects our commitment to bringing Chinese consumers easy access to the best global products, while enabling top brands to reach our unrivalled pool of 155 million upwardly mobile customers. Our global logistics reach means that we can work with brands anywhere in the world to deliver their products right to consumers� doorsteps, significantly lowering the barrier to entry to the China market.�

JD.com�s Milan Design Week exhibition will be held in Zona Tortona and feature 10 individual rooms, each showcasing the collaborative creations of Chinese and Italian design teams around the theme of modern lifestyle.

The Italian designers partnering with JD.com include Antonio Lamonarca, Flavio Rategni, Stefan Davidovici, Giancarlo Tintori, Lorenzo Morganti, Pierfrancesco Cravel, Maria Madonnini, Giuliano Andrea Dell�Uva, Antonio Iraci, Gerardo Mari and Massimiliano Romero. The Chinese designers include Lea Chen, Yijin Huo, Xiaodong Chai, Fenglin Gao, Min Chen, Darui Chen, Yiqiang Gao, Dayong Sun, Frank Chou and Shu Cui.

 

 


Tuesday, January 19, 2016

Deal Flow

BEIJING, Jan. 16, 2016 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced the signing of a definitive share subscription agreement (�SPA�) for a RMB6.65 billion financing for its JD Finance subsidiary with lead investors including Sequoia Capital China, China Harvest Investments and China Taiping Insurance.

The financing values JD Finance at RMB46.65 billion on a fully-diluted, post-investment basis. Following the financing, JD.com will maintain majority ownership in JD Finance. The transaction is expected to be completed in the first half of 2016, subject to customary closing conditions.

�We are delighted to welcome Sequoia Capital China, China Harvest Investments, China Taiping Insurance among other investors as partners in our fast-growing JD Finance business,� said Richard Liu, CEO of JD.com. �JD Finance has become a leading industry player by leveraging JD.com�s e-commerce expertise and advantages in big data and technology to provide financial solutions to Chinese consumers, innovative start-ups and traditional enterprises. By partnering with top financial and start-up service institutions, we will be even better positioned to create China�s leading financial technology ecosystem.�

�Since its launch in 2013, JD Finance has built one of the most trusted financial technology platforms in China,� said Shengqiang Chen, CEO of JD Finance. �With our top risk management technology and the additional expertise from our investors and partners, we look forward to significantly expanding JD Finance�s service offerings and market reach.�


Wednesday, December 16, 2015

Comments & Business Outlook

TOKYO and BEIJING, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Rakuten, Japan�s e-commerce market leader, and JD.com (Nasdaq:JD), China�s largest direct online sales company, today announced the signing of an agreement to establish a Rakuten online flagship store on JD Worldwide, JD.com�s cross-border platform.

With the goal of bringing the best Japanese products to Chinese consumers, Rakuten launched a beta version of a new online marketplace on JD Worldwide this month. Plans are underway to expand the merchandise range over time, with an initial focus on categories such as cosmetics, snacks and health food products.

Masato Takahashi, Managing Executive Officer of Rakuten,  said, �The new partnership between Rakuten and JD.com will promote cross-border trade by connecting Chinese consumers with authentic and popular Japanese products from a top selection of Rakuten�s merchants from around Japan, both small and large. Rakuten will continue to work to expand our offering to Chinese consumers.�

�This cooperation with Rakuten continues to expand our offer of authentic and high-quality imported Japanese products, which have proven very popular,� said Haoyu Shen, CEO of JD Mall. �Our focus remains on partnering with the most trusted retailers in key overseas markets to meet the growing demand for premium imported products.�

Expansion of the product line-up will continue over the coming months.


Thursday, November 12, 2015

Joint Venture

BEIJING, Nov. 12, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, and Otto Group, a globally operating retail and services group, today announced the establishment of a joint venture (JV) to provide B2C ecommerce services for international brands on the JD.com platform.

Based in Germany, the new JV, Zitra, will serve as an accelerator for international brands looking to expand their sales on JD.com�s leading e-commerce marketplace by providing services including third party operation, marketing strategies, IT system handling, logistics and post-sale services.

Hanjo Schneider, Member of the Executive Board of Otto Group said, "We are thrilled to enter into this partnership with JD.com to help foreign brands take advantage of the enormous demand for high-quality international products in China�s e-commerce market. By providing an integrated e-commerce marketing solution, we look forward to helping international brands gain traction and accelerate their sales in China."

Haoyu Shen, CEO of JD Mall, said, �As a leading global online retailer, Otto Group is the ideal partner to help more international brands reach consumers through marketing on the JD.com marketplace platform. We are seeing tremendous demand for imported products and this new venture will help further expand our range of products for Chinese consumers."

JD.com has significantly ramped up its imported products in 2015, opening JD Worldwide and six virtual malls, each devoted to authentic goods from one country, including Australia, France, Germany, Japan, Korea and the U.S.


Thursday, November 12, 2015

Comments & Business Outlook

BEIJING, Nov. 12, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced record-breaking one-day results from its November 11 Singles Day sale. The 24-hour sale, which saw the number of orders increase by 130%, and an increase in GMV of more than 140%, compared to last year, was the culmination of an 11-day sales event that began on November 1.

With promotions across all categories beginning at midnight for the annual 24-hour event, JD.com saw its order volume yesterday exceed its full-day 2010 Singles Day total in just two minutes, its 2011 Singles Day total in 15 minutes and its 2012 figure in 36 minutes. At 4:54 am on 11/11, orders on JD.com had surpassed the total number of orders on Singles Day 2013 and just before noon, JD.com topped its total orders for Singles Day 2014. By 6:26 pm JD.com had received more orders than it had for the last five Singles Days combined.

During the day, 74% of total orders were placed via mobile platforms, including JD.com's native app and through Tencent’s WeChat and Mobile QQ platforms, the increasingly popular social media platforms of choice among China’s growing population of mobile users. More than 52% of first-time customers on JD.com during the day came from WeChat and Mobile QQ.

“Our record-breaking sales and accelerated growth for the day show that what truly matters to Chinese consumers is the quality, reliability and authenticity that only JD.com guarantees,” said Haoyu Shen, CEO of JD Mall. “Across all product categories, from electronics to apparel to fresh food, we have seen tremendous growth because our customers trust JD.com to provide the highest product quality, most efficient service and fastest delivery. On mobile, our partnership with Tencent puts JD.com in front of more than half a billion WeChat and Mobile QQ users, a tremendous industry advantage that enabled us to reach and win over new customers during the sale.”

Home décor, apparel and footwear continues to be one of JD.com's strongest segments, and saw the most orders out of any product category on November 11. During the day, JD.com sold more than 14 million articles of clothing and pairs of shoes, extending an exceptionally strong overall growth rate for this category. For example, Forever 21 one-day sales increased by 650% compared to Singles Day 2014.

International brands continued to gain in popularity among JD.com’s shoppers, including top sellers such as Apple, Samsung, Adidas, New Balance, Columbia, The North Face, Philips, Nestle, Mead Johnson and Wyeth, among others.

JD.com released the following additional facts about its 2015 November 11 Singles Day 24-hour sales event:

  • Sales of wearable smart devices increased by 900% compared to last year's sale.
  • Orders on JD Supermarket increased 190% y-o-y, including an increase for fresh food sales of 560% and snack foods of 430%.
  • The number of customers who used Baitiao, JD Finance’s consumer credit line program, increased 800% from last year’s one-day total.
  • The top five product categories purchased using Baitiao credit lines were computers, luxury products, TVs, mobile phones and cameras.
  • JD Worldwide, JD.com’s platform for imported goods, saw an increase in sales orders of 366% compared with its October average. Top selling products on the platform for the day were milk powder and diapers, and products from the U.S. Mall and Japan Mall, both launched in 2015, proved most popular for shoppers on the company’s growing list of country-specific foreign mall platforms.

In addition, the company also announced highlights from the full November 1-11 sales event, which includes both the one-day sale and lead-up promotional period:

  • The company sold more than 28.5 million “3C” products, including mobile phones, digital products, computers and office equipment.
  • JD.com sold more than 2.87 million mobile phones.
  • During the 11 days, JD.com sold 1.9 million WiFi routers and more than 1.2 million pairs of earphones.

Monday, October 19, 2015

Joint Venture

BEIJING, Oct. 19, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, and Tencent Holdings Limited (Tencent) (SEHK:00700), a leading provider of Internet services in China, today jointly announced an expanded partnership to provide merchants with innovative mobile marketing solutions ahead of this year�s Singles Day promotion.

The expanded mobile marketing partnership will explore new avenues to leverage Tencent�s leading social communication platforms, Weixin and Mobile QQ, and use its massive big-data resources alongside JD.com�s leading e-commerce platform and its vast wealth of data about online shopping trends and behavior. The collaboration will offer businesses advanced online tools to more precisely reach their target customer groups, build brand recognition and increase marketing ROI by providing brands access to Weixin and Mobile QQ users.

�JD.com�s groundbreaking collaboration with Tencent already has redefined the mobile e-commerce user experience in China over the last year and a half, and in the months ahead we look forward to transforming mobile marketing as well,� said Richard Liu, founder and CEO of JD.com. �Through this expanded partnership, Chinese businesses will have access to digital marketing tools that leverage both JD.com�s resources and Tencent�s leading mobile social communication platforms to build relationships with customers, deepen brand recognition and drive sales. We are extremely encouraged by the enthusiastic initial merchant response, and we look forward to helping brands leverage this expanded suite of tools during Singles Day and beyond.�

�As a result of the longstanding and strong Tencent and JD.com partnership, Chinese consumers enjoy a convenient and tailored mobile shopping experience,� said Huateng Ma, founder and CEO of Tencent. �By deepening the collaboration between China�s most trusted e-commerce company and China�s most popular mobile social platforms, we can provide Chinese businesses with a unique capability to deepen their understanding of consumer needs and more precisely reach their current and future customers.�


Tuesday, October 13, 2015

Comments & Business Outlook

SANTA CLARA, Calif., Oct. 13, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced the opening of its first U.S. facility, a new research and development center located in Silicon Valley. Dedicated yesterday in Santa Clara, the new office will focus on developing and enhancing new and existing technologies that will improve the user experience for its customers in China and boost the company�s offerings.

The new facility will also allow easier interactions between the company and U.S. retailers, partners and brands seeking to establish or expand their presence in China on JD�s shopping platforms.

�Given the scope and strength of American brands, products and capabilities, the U.S. was the obvious choice as we sought a location for our first office outside of Asia,� said Richard Liu, founder and CEO of JD.com. �We are excited to increase our US presence by establishing an operation in the heart of Silicon Valley.�

The weekend dedication ceremony was hosted by members of the JD.com leadership team, including Rain Long, chief human resources officer and general counsel; Chen Zhang, senior vice president of JD.com and head of R&D for JD Mall; and Dennis Weng, chief technical advisor for JD Mall. The event was also attended by representatives from a number of leading Silicon Valley tech companies including Intel, ZestFinance, Mellanox and Wish.

Mr. Weng will initially oversee the new office, which will focus on areas such as cloud computing, mobile applications and big-data infrastructure, and will provide both rotational job possibilities for engineers in China and opportunities for certain skilled technical workers in the area.

�As we build out and staff our new facility in the coming months we look forward to forging new partnerships and attracting new talent that will help JD.com achieve its goals of delivering an unparalleled level of service and quality,� said Ms. Long. �Our nearly 120 million active customers stay loyal because they know we work continuously to improve their shopping and fulfillment experience by implementing the most advanced technologies and processes.

�This facility further increases the flexibility of the working options we can offer top talent, and will help us continue to strengthen our industry-leading technology team,� said Ms. Long.

In July of this year JD.com launched �U.S. Mall� on its website, dedicated exclusively to meeting the demand in the Chinese market for authentic imported American products.


Monday, September 28, 2015

Comments & Business Outlook

MILAN, Italy, Sept. 28, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ:JD), China's largest online direct sales company, today announced the launch of Italian Fashion Mall, a new platform on JD.com dedicated to introducing Italian fashion brands and products to consumers in China. JD.com and Europe Design Center also today jointly announced the participation of three renowned Chinese fashion designers � Lin Gu, Ali Tan and Xiaoyan Xu � in Milan Fashion Week. The three designers were selected through a competitive program run by JD.com and Europe Design Center, and their participation marks the first time Chinese designers will participate in Milan Fashion Week.

The announcement was made at an event during the Milan Fashion Week and was attended by Honorary President of Camera Nazionale della Moda Italiana and Europe Design Center, Mario Boselli; Vice President of JD.com and President of JD Mall's Apparel and Home Furnishing Business Unit, Lijun Xin; and over 50 guests from the Italian fashion industry.

"We are delighted to announce this strategic partnership with Europe Design Center," said Mr. Xin. "Through our new Italian Fashion Mall platform, JD.com will be able to bring China's increasingly sophisticated and fashion-conscious consumers a fantastic range of choices, while offering Italian brands and designers a powerful sales platform in the China market. Fashion has been an important part of JD.com's development into a comprehensive e-commerce platform, and we look forward to bringing products from the world's most exciting designers to our 118 million customers."

In addition to bringing top Italian fashion brands to China, JD.com is dedicated to introducing outstanding Chinese fashion talent and brands to the international stage. In August 2015, JD.com and Europe Design Center jointly launched a competitive fashion program to support Chinese designers. Three candidates were selected to participate in Milan Fashion Week through a rigorous process involving assessment by fashion experts as well as online voting by consumers. Each of the designers' labels has been recognized as a brand with the potential to succeed internationally.

JD.com is committed to bridging the worlds of fashion and e-commerce through its JD Apparel platform, which features top international brands such as Lacoste and GAP and introduces the latest fashion trends to consumers through JD fashion shows held twice annually in China. Currently there are over 40,000 merchants featured on the JD Apparel platform.

As part of the JD Apparel platform, JD.com recently launched its "JD Wardrobe" app for mobile devices. The app allows consumers to mix-and-match fashion items in a virtual wardrobe, share selected items with friends and receive fashion advice from virtual fashion experts.

The three designers featured at the event include:

  • Lin Gu's ingenious designs combine traditional Chinese flair with modern Western elements. Her unusual designs have won her worldwide acclaim and visibility in the fashion world. With a unique East-meets-West charm, her fashions are nothing short of works of art that are exquisite, refined, innovative and elegant to admire from afar, but yet are comfortable, practical and graceful to wear. 
     
  • Ali Tan has about 10 years of industry experience and a reputation for design simplicity, which focuses on showing beauty in imperfections. Two recent themes of her work include a "root collection" which focuses on nature and irregular themes of beauty, and her "rock collection," which conveys quiet, pristine beauty. 
     
  • Xiaoyan Xu brings her strong background in painting, textile art and fabric, pattern and textile design to her fashion. She designed the RECLUSE brand of clothing, which draws from the Chinese idea of the benefits to the soul of seclusion. The designer uses the elements of nature, heaven, earth, people and animals, combined simple color schemes to design beautiful and balanced Asian-style clothes.

Monday, September 28, 2015

Joint Venture

BEIJING, Sept. 28, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, together with TAG Heuer, the Swiss luxury avant-garde watchmaker, today jointly announced an exclusive e-commerce partnership to include the establishment of TAG Heuer's first China online flagship store on JD.com's marketplace platform.

The TAG Heuer flagship store will offer product lines specially selected for China's increasingly sophisticated online consumers, featuring cutting-edge designs across multiple price points. The store will also feature a 360-degree "virtual" product display where consumers can experience products prior to purchasing. JD.com's support in brand marketing, logistics, payment and after-sales service will help ensure that customers enjoy a first-rate online shopping experience.

"JD.com's reputation for product authenticity and unparalleled customer experience make it the ideal e-commerce partner in China for TAG Heuer, one of Switzerland's most iconic and trusted brands," said TAG Heuer's General Manager of Greater China, Leo Poon. "The coming of age of China's young consumers, combined with the explosive development of e-commerce, present an enormously exciting opportunity for innovation and growth. By deepening our access to our key target customer market in China through JD.com's huge upwardly mobile user base, I am confident that this partnership will ignite unprecedented consumer interest in TAG Heuer's premier luxury timepieces."

"We are delighted that TAG Heuer has chosen to establish its first China online flagship store on JD.com through this exclusive partnership," said Carol Fung, Vice President of JD.com and President of JD Mall's FMCG (fast-moving consumer goods) business unit. "With over 150 years of history, TAG Heuer is synonymous with long-lasting quality, innovation, and luxury. JD.com is delighted to offer our leading e-commerce platform to help TAG Heuer deliver an online shopping experience that is consistent with its brand and vision."

To mark the opening of its first China online flagship store, Tag Heuer will launch sales of its "TAG Heuer Formula One Women G.E.M. special edition" wristwatch in the Chinese market for a limited time exclusively on the JD.com platform.


Tuesday, September 8, 2015

Joint Venture

BEIJING, Sept. 8, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ:JD), China's largest online direct sales company, today announced a strategic partnership with Lotte.com, South Korea's leading online shopping site. JD.com customers will be able to purchase products from Lotte through JD Worldwide, the company's cross-border platform. Products will cover categories including baby and maternity, cosmetics, fashion, everyday household products, home appliances, food and Lotte-branded products. In addition, the two parties will explore additional potential areas of cooperation.

"The demand for products through Korean Mall has been strong and partnering with Lotte, Korea's clear industry leader, will help us meet the growing needs of our users," said JD Mall CEO Haoyu Shen. "We are delighted that as China's largest e-tailer, our large and growing base of upwardly mobile customers will now have access to a wide range of Lotte's imported products."

"Lotte prides itself on providing a superior customer experience, which is why we are so excited to be leveraging JD.com's reputation for product authenticity and its unparalleled logistics network," said Lotte.com CEO Hyeong Jun Kim. "JD.com's outstanding users are the ideal audience for us as we look to develop our business in China."

The announcement follows the successful launch in late March of Korean Mall, which sells authentic imported Korean products on JD Worldwide. Since its launch, dozens of Korean brands started to sell their products to Chinese consumers through Korean Mall. The best-selling product categories include personal care products and cosmetics.


Tuesday, September 8, 2015

Notable Share Transactions

BEIJING, Sept. 8, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (JD), China's largest online direct sales company, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to US$1.0 billion worth of its American depositary shares ("ADSs") over the next 24 months.

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block trades or through other legally permissible means. The timing and extent of any purchases will depend upon market conditions, the trading price of its ADSs and other factors, and are subject to the restrictions relating to volume, price and timing under applicable law. JD.com expects to implement this share repurchase program in a manner consistent with market conditions and the interests of the Company's shareholders. JD.com's Board of Directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size accordingly. JD.com plans to fund repurchases made under this program from its available cash balance.


Friday, August 28, 2015

Joint Venture

BEIJING, Aug. 28, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ:JD), China's largest online direct sales company, today announced partnerships with Australian brands Blackmores, a leading Australian natural health company, and Sanger Australia, the Australian meat sales and marketing business of the Bindaree Beef Group. Both brands will be available through JD.com's direct sales channel and will use the company's industry-leading same-day delivery capabilities. Sanger Australia will also leverage JD.com's cold chain logistics network to ensure that its meat products are delivered fresh to Chinese customers from Australia.

The announcements follow the successful launch in late June of a dedicated Australian Mall for authentic imported Australian products on JD.com's cross-border platform, JD Worldwide. Since its launch, dozens of Australian brands have successfully sold their products to Chinese consumers through Australian Mall. The most popular product categories in the first two months of the program include healthcare, baby care products and fresh food.        

"We're pleased to be working with leading Australian brands to build winning ecommerce strategies for this market and help them take advantage of our large and growing base of upwardly mobile Chinese consumers," said Carol Fung, Vice President of JD.com and President of JD.com's FMCG Business Unit. "Blackmores is a long-time partner, and we are very excited to be expanding the range of their outstanding healthcare products available to our rapidly growing user base. With demand for Australian fresh produce growing exponentially, the addition of Sanger Australia's world-class beef to our platform is an outstanding development for our customers."

"We are delighted that our products will be available to China's online shoppers via JD.com," said Sanger Australia CEO James Campbell. "We pride ourselves on providing best-in-class Australian meat and JD.com can provide the high-quality logistics infrastructure to ensure our customers can enjoy the freshness and premium quality of our meat."

"We've been working with JD.com since 2013, and our increased engagement is testament to our strong relationship and commitment to growing our China business," said Blackmores Asia Managing Director Peter Osborne. "Working with JD.com not only ensures we get our products to consumers quickly, but will also enable us to initiate targeted and specialized marketing campaigns leveraging JD's data analytics capabilities. We are also very pleased to be expanding our cooperative education programs with JD.com to help consumers increase health and wellbeing awareness regarding natural healthcare."   


Friday, August 7, 2015

Comments & Business Outlook

Second Quarter 2015 Financial Results

  • Net revenues for the second quarter of 2015 were RMB45.9 billion (US$7.4 billion), an increase of 61% from the second quarter of 2014.
  • Non-GAAP net loss per ADS for the second quarter of 2015 was RMB0.01 (US$0.00) as compared to RMB0.01 in the second quarter of 2014.

"We are pleased to report a strong performance for the second quarter, as China's consumers increasingly look to JD.com for authentic products and the best online shopping experience," said Richard Liu, founder and Chief Executive Officer of JD.com. "During the quarter, we enhanced our mobile offering, partnered with premium international brands and expanded our JD Worldwide cross-border e-commerce initiative. Looking ahead, we will focus on serving Chinese consumers by investing in innovative business initiatives that leverage JD.com's core expertise in e-commerce and logistics."

"We are encouraged by another quarter of strong top-line growth, led by our JD Mall business," said Sidney Huang, JD.com's Chief Financial Officer. "China's e-commerce market remains extremely dynamic and in order to achieve long-term sustainable growth and economies of scale, we will continue to invest selectively in high-growth initiatives while maintaining our focus on customer experience and operating efficiency."

Third Quarter 2015 Guidance

Net revenues for the third quarter of 2015 are expected to be between RMB43.2 billion and RMB44.7 billion, representing a growth rate between 49% and 54% compared with the third quarter of 2014. This forecast reflects JD.com's current and preliminary expectation, which is subject to change.


Tuesday, July 28, 2015

Comments & Business Outlook

BEIJING, July 28, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today unveiled an enhanced version of its online enterprise procurement platform, JD Enterprise, and announced that it has joined an alliance of leading companies from across the enterprise procurement industry to provide faster, more convenient and more cost-effective procurement solutions to corporate customers across China.

The JD Enterprise Intelligent Procurement Platform, launched in late 2014, uses data-driven insights to make the procurement process more efficient for both suppliers and customers. The new services unveiled today will enable corporate customers to manage more of their procurement functions directly via JD Enterprise, reducing costs and raising efficiency.

"Capturing more of the enterprise procurement sector is an important priority for JD.com, and this move to provide an even more convenient, user-friendly and cost effective procurement platform is a big step towards further cementing our leadership position," said Chunzheng Song, General Manager of JD Enterprise. "The added ease of making major enterprise purchases on our platform builds on JD.com's industry-leading differentiators in the areas of product authenticity and delivery speed."

The new services were unveiled at an event in Beijing today where JD.com joined with leading suppliers, independent software vendors and service providers, including Lenovo, HP and Canon, to announce a new enterprise procurement alliance. The members of the alliance will work together to build an integrated enterprise procurement ecosystem that will provide logistics, financing and data-related support to enable companies to enhance their online procurement capabilities.

The new initiatives build on JD.com's successful procurement platform, JD Enterprise (b.jd.com), which is one of China's leading enterprise procurement channels. Serving large, medium and small enterprises, as well as public sector clients, JD Enterprise simplifies the procurement process by providing a range of ecommerce-based customized procurement services. JD.com also offers a range of financing options to customers through its enterprise financing arm, JD Jincai.


Monday, June 29, 2015

Comments & Business Outlook

MELBOURNE, Australia, June 29, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced the launch of Australian Mall, a new channel on the company's JD Worldwide cross-border platform dedicated exclusively to selling authentic imported Australian products to customers in China. The company also announced cooperative agreements with Australia Post and Treasury Wine Estates as part of its Australia push.

The company introduced its Australian Mall at an event in Melbourne today hosted by Richard Liu, Founder and CEO of JD.com, which also included the participation of Malcolm Turnbull, Australia's Minister of Communication and Bruce Billson, the country's Minister for Small Business. Following the recent signing of China-Australia Free Trade Agreement on June 17, the event also kicked off Authentic Australia Year to promote the e-commerce development between Chinese and Australian enterprises.

"Chinese consumers are increasingly enthusiastic about trying, buying and using products from all over the world, and Australian products like milk and wine have long been big sellers on our platform," said Mr. Liu. "Now that our Australian Mall is available, JD.com customers can further fulfill their growing interest in fresh Australian foods and high-quality products, secure in the knowledge they are buying through China's premier trusted source of genuine products."

During the launch event, the company also announced a partnership with Australia Post that will make it easier for companies on JD Worldwide to leverage the postal carrier's services, including package pick up, overseas warehousing, air and sea transportation, and small package direct mail from Australia to China, among other potential services.

"As a new era of Australian-Chinese trade launches, Australia Post is delighted to be helping Australian brands tap into the potential of China's growing market through our partnership with one of the most trusted e-commerce companies in China," said Andrew Walduck, EGM, Information, Digital & Technology (and Chief Information Officer) of Australia Post. "We are also pleased to play a leading role in connecting Chinese consumers with fabulous and premium Australian products through JD.com."

"We are delighted that our partnership with Australia Post will provide yet another level of ease to Australian brands looking to sell into China," said Mr. Liu. "This cooperation makes reaching the Chinese consumer through JD.com even easier for Australian exporters."

The new Australian Mall builds on JD.com's successful partnership with Austrade to promote sales of Australian food products and in collaboration with Australian partners like Australia Post and AustCham will offer a wider range of foods including fresh milk, seafood, fresh fruits and other items in high demand among JD.com's customers. Australian Mall will also feature many famous Australian brands and products covering various categories, including healthcare, maternity, baby, personal care, cosmetics, sport and shoes, among others.

As part of its Australian Mall launch, JD.com also announced a new agreement with Treasury Wine Estates, one of Australia's premier wineries. Under the agreement, JD.com will begin offering the company's wines to its more than 100 million active customers.

As it does with its other international channels on JD Worldwide, including its recently launched online country malls that offer authentic products from France, South Korea and Japan, the company will connect Australian suppliers and sellers with international logistics partners, including Australia Post, to help simplify cross-border transactions, thereby allowing customers in China to order and receive the goods they want in a seamless, rapid and worry-free manner.

"As a long-time partner of JD.com, we couldn't be more delighted to welcome Richard and his team to Australia to further expand their business with companies here," said Phil Wohlsen General Manager Asia of The a2 Milk Company, who attended the launch event. "As China and Australia launch a new era of increased economic cooperation, I hope that more Australians will use this opportunity to leverage the tremendous resources of JD.com to tap the huge potential of Chinese market as we have."


Friday, June 19, 2015

Contract Awards

BEIJING, June 19, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced record-breaking one-day results from its June 18 anniversary sale.

During the annual 24-hour event, which began at midnight on June 18, the company set numerous sales records, including number of orders placed, which grew by more than 100% from last year to 15 million.

More than 60% of orders were placed via mobile on June 18, including through JD.com's native app, its mobile website and its Weixin (WeChat) and Mobile QQ entry points. The one-day rate of orders from mobile for JD.com's November 11 Singles Day sales event in 2014 was 40%. The surge comes almost exactly a year after Tencent's mobile social media platforms, Weixin and Mobile QQ, launched Level-1 access points for shopping with JD.com.

Apparel and shoes continue to be one of JD.com's fastest growing segments, and saw the most items sold out of any product category on June 18. GAP flagship store sales on June 18 were 13-fold higher than its average daily sales volume in May. In total for the day, JD.com sold more than 8 million articles of clothing and 1.2 million pairs of shoes, following 230% growth on an annual basis during the first quarter of the year.

Another area of rapid growth was JD's flash sales channel, which saw a 30-fold increase in orders compared to the company's 2014 June 18 sale.

"Today's blowout sales figures once again highlight that JD.com is increasingly the e-commerce site of choice for upwardly-mobile Chinese consumers," said JD Mall CEO Haoyu Shen. "The tremendous range of products that consumers purchase on JD.com, from imported wine and clothing, to cell phones and fresh fruit, underscores the trust our customers have that they will get safe and authentic products when shopping with us."

JD.com released the following figures for the June 18 anniversary one-day sales event:

  • Over 15 million orders were placed.
  • During the event, apparel and shoes recorded the largest number of orders among all product categories.
  • Total sales of smart devices on June 18 were 7.5 times higher than last year's sale.
  • M Band from Xiaomi topped the smart device category, selling more than 45,000 on June 18.
  • Over 60% of orders were placed via mobile on June 18.
  • Order volume on JD Daojia, JD.com's O2O platform which launched three months ago, was five-fold higher on June 18 than its normal average, setting a new one-day record.
  • JD.com's flash sales on June 18 were 30-fold higher than during the company's 2014 sale.
  • Compared to the May averages, for the day JD.com saw a 20-fold increase in the sales of the personal care and cosmetics category, as well as the mother and children's products category.
  • For the day, food sales saw a four-fold increase over the May average.

In addition, the company also announced figures for June 1-18, which includes both the one-day sale and lead-up promotional period:

  • JD.com sold a total of more than 4.16 million mobile phones during the period.
  • iPhone topped the list of mobile phones by sales volume, selling more than RMB 1.4 billion (US $225 million) worth of merchandise.
  • By units sold, Huawei's Honor topped the list of mobile phones during that period, selling 920,000 units.

As part of the promotion, a number of celebrities surprised JD.com customers by personally providing last-mile delivery services. Among those who participated this year was basketball star Stephon Marbury who delivered two packages to JD.com customers in Beijing.


Monday, June 15, 2015

Comments & Business Outlook

BEIJING, June 15, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced that Unilever, one of the world's best-known names in consumer products for personal care, home care and food categories, will launch a flagship store on JD Worldwide, JD.com's cross-border e-commerce platform. The Unilever flagship store will feature products from a range of Unilever's most popular global brands, some of which will be made available to Chinese consumers for the first time.

"JD.com is a long-time partner and our fastest growing e-commerce sales channel in China, so we're excited that this partnership with JD Worldwide will extend our offering to include many of the best-known products in our global portfolio," said Andy Li, Director of Unilever's China E-commerce Business. "Unilever has more than 400 brands globally, many of which are not yet available in the Chinese market. By partnering with JD Worldwide, we can quickly and efficiently address growing demand from Chinese consumers for many of our most successful products in the US, European and Asian markets."

"This partnership with Unilever brings some of the most respected brands in health and beauty to our platform," said JD VP Leo Li, who heads JD Worldwide. "We aim to make it easier for global brands like Unilever to connect with Chinese consumers through our complete cross-border service that takes care of everything from customs to marketing. Our partnership with Unilever, which produces hundreds of the most trusted consumer brands in the world, further expands the variety of imported products Chinese consumers can quickly and conveniently buy from JD.com. This partnership illustrates how we are working with leading international brands to meet growing consumer demand in China for imported products."

The Unilever flagship store launch coincides with JD.com's major anniversary sale, with products from some of Unilever's best-known health and beauty brands now available on JD Worldwide. Brands featured include Ponds, Dove, Vaseline and Lux. The offering includes three product lines from Lux's shampoo range that are currently the best-selling shampoo products in the Japanese market, which are now available for the first time in the Chinese market through JD Worldwide. In the coming months, the range of products featured will be extended to include some of Unilever's premium personal care, home hygiene and food brands.

Joining JD Worldwide expands Unilever's partnership with JD.com, which previously focused on JD.com's direct sales e-tail business. Unilever has sold products through JD.com's e-commerce platform since 2013.


Monday, June 1, 2015

Comments & Business Outlook

TOKYO, June 1, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced the launch of Japanese Mall, a new channel on the company's JD Worldwide cross-border platform dedicated exclusively to sales of authentic imported Japanese products.

JD.com launched Japanese Mall at an event in Tokyo today, where JD Mall CEO Haoyu Shen was joined by Katsutoshi Takeda, Director General of the Japan-China Friendship Center, and senior management from Rakuten, Sumitomo, and other key Japanese partners.

"Our new Japanese Mall provides Chinese consumers with a trusted source for buying imported Japanese products," said Mr. Shen. "Japanese Mall will give more Japanese brands greater exposure to China's rapidly growing demand for imported goods, and will further solidify JD.com's reputation as China's online leader for guaranteed authentic products."

JD is working to simplify cross-border transactions by providing recommendations on operational and international logistics partners that Japanese businesses can use to reduce costs and improve the efficiency of selling through the JD Worldwide platform.

Japanese Mall will focus on satisfying the fast-growing demand among Chinese consumers for authentic Japanese products in a wide range of categories including items for maternity, babies, food, personal care, cosmetics, apparel, luggage, home decoration, electronics and home appliances from popular Japanese brands.

In addition to Japanese Mall, JD Worldwide also hosts French Mall and Korean Mall, both of which launched earlier this year, and the company said it would continue seeking other opportunities to offer channels dedicated to other countries' products in response to customer demand.


Tuesday, May 26, 2015

Comments & Business Outlook

SHANGHAI, China, May 25, 2015 (GLOBE NEWSWIRE) -- JD.com (Nasdaq:JD), China's largest online direct sales company, announced today at CES Asia that JD Smart, its recently launched smart device platform and business unit, has added two new smart products to its open ecosystem initiative, which integrates products from a wide range of manufactures on a seamless smart platform.

JD Smart unveiled its DingDong Smart Speaker, the first product developed by the JV of JD.com and iFLYTEK founded this March. The DingDong Smart Speaker is a voice-controlled device that can pull news, weather and around three million songs and four million hours of audio content instantaneously from third party sources on the Internet and play them through the high-quality speaker system. Its voice interface system can also assist in schedule management by setting up alarms, calendars and similar planning tools, all via voice commands. The DingDong Smart Speaker uses the JD+ super app (called "Jingdong Weilian" in Chinese) to allow full voice control of all products in the JD+ ecosystem, centralizing the user experience.

JD Smart also welcomed Changhong's EleCloud Wireless Smart Rechargeable Storage Device to its JD+ ecosystem. The device, which similarly leverages the Weilian app, is an external charger for mobile devices that integrates the functionalities of wireless sharing and a high speed flash drive, allowing users to share documents, music and videos simultaneously with up to more than 30 people.

Commenting on JD Smart's open platform strategy, JD Smart President Zhenhui Wang said, "These new smart products underscore JD Smart's close relationships with manufactures and our focus on delivering a truly integrated open platform for smart devices. Leveraging JD.com's unrivalled resources, we support our partner companies throughout the development process, including big data analysis of user behavior, smart cloud computing platform, equity crowdfunding through JD Finance for start-ups, marketing support and access to our more than 100 million users for market-ready smart products."

JD Smart's ecosystem provides users a convenient single point of control over connected smart devices from participating manufacturers through its Weilian mobile super app.

"We've created an ecosystem that allows products from different manufacturers to work together on a seamless smart platform, JD Smart is able to bypass the 'pain point' created when a user's devices can't talk to each other," said Leslie Liu, JD Smart's CTO. "The DingDong Smart Speaker leverages the Weilian app we have developed to seamlessly integrate into customers' smart home networks with a single voice command center, avoiding the 'bottleneck' of closed platforms."

Through its JD+ industry partner program, JD Smart builds partnerships with traditional and early-stage hardware manufacturers around the open JD Smart platform. Currently JD+ includes over 100 manufactures, including Haier, Hisense, Midea, TCL, Joyoung and Fotile, with a total of more than 400 JD Smart-enabled products. JD Smart supports its partner companies through multiple development stages, including providing incubators, accelerators, technological support, go-to-market solutions, supply chain and cloud computing services, as well as access to JD.com's huge base of upwardly mobile consumers.

JD Smart booth number is N1E25 at Shanghai New International Expo Center.


Thursday, May 14, 2015

Joint Venture

BEIJING, May 13, 2015 (GLOBE NEWSWIRE) -- SEPHORA, the leading global beauty retailer, today announced the launch of its first and only Chinese online flagship store on JD.com (Nasdaq:JD), China's largest online direct sales company. This marks a significant step forward for Sephora, the leading beauty retailer of LVMH Group, in its e-commerce and overall retail strategy for China.

Upon launch, SEPHORA's store will be the largest cosmetics store on JD.com's platform, featuring over 1,200 items from more than 70 leading international cosmetic brands, including Dior, Guerlain, Givenchy, Benefit and Kenzoki, among dozens of others.

"SEPHORA is dedicated to providing the best, most trusted beauty solutions for our customers, while making shopping more efficient, intelligent and fun," said Anne Veronique Bruel, president of SEPHORA Asia. "That's why we are delighted to be partnering with Chinese e-commerce pioneer JD.com, which is known for its superior customer service, fast nationwide delivery and longstanding reputation as the online source for guaranteed product authenticity. SEPHORA is renowned for its beauty solutions from the world's best brands. I am confident that together we will be able to provide Chinese consumers with a truly world-class online shopping experience, without the worry of counterfeits."

"JD.com's Beauty Channel is focused on providing the highest-quality products and services to our customers and we are very excited to offer Chinese consumers convenient access to leading beauty solutions from SEPHORA, one of the world's top retailers," said Haoyu Shen, CEO of JD Mall. "As China's largest e-tailer, we are able to offer SEPHORA an end-to-end e-commerce solution that ensures Chinese consumers have the best possible brand experience when purchasing their beauty products online. Our direct cooperation with Sephora further strengthens the confidence of cosmetics shoppers in China that JD.com is the go-to site for the most sought after authentic name-brand products."

JD.com's industry-leading marketplace is increasingly the platform of choice for both domestic and internationally renowned brands and manufacturers, featuring dozens of leading global fashion and apparel brands.


Monday, May 11, 2015

Joint Venture

BEIJING, May 11, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced that it is partnering with Luxottica, the world's leading producer of luxury eyewear, to offer a wide range of sunglasses from some of the best-known global brands.

The partnership will enable JD.com customers to purchase a range of luxury sunglasses from the leading brands in Luxottica's portfolio, including Ray-Ban, Oakley and Vogue. Most of the products will be available through JD.com's direct sales channel, enabling Luxottica to leverage JD.com's industry-leading nationwide logistics network featuring standard same- and next-day delivery.

"Chinese consumers increasingly rely on JD.com for convenient and reliable access to high-quality luxury goods across a range of products, from clothing and accessories, to cosmetics," said Lijun Xin, Vice President of JD.com. "We're delighted to be partnering with Luxottica, the clear global leader in luxury eyewear, to expand our offering in this market that is rapidly growing among Chinese consumers. Partnerships with leading luxury producers such as Luxottica underline the trust that our global partners have in JD.com, not only to drive sales, but also to provide consumers guaranteed authentic products and the best possible brand experience."


Friday, May 8, 2015

Comments & Business Outlook

First Quarter 2015 Financial Results

  • GMV and Net Revenues. GMV for the first quarter of 2015 was RMB87.8 billion (US$14.2 billion), up 99% from the first quarter of 2014.
  • Non-GAAP net loss per ADS for the first quarter of 2015 was RMB0.15 (US$0.02) as compared to RMB0.09 in the first quarter of 2014.

"We are pleased to begin 2015 with another strong quarter of top-line performance driven by JD.com's growing brand awareness and nationwide reputation for product authenticity and superior customer experience," said Richard Liu, founder, Chairman and Chief Executive Officer of JD.com. "During the quarter we maintained our focus on enhancing online shopping experience and made progress in expanding our consumer offering through our new business initiatives including O2O and Internet finance. Chinese consumers increasingly look to JD.com as their preferred online source for quality authentic products and reliable services, and we will continue to build upon this trust through ever greater product selection and superior customer service."

"We achieved solid growth while investing heavily in a number of new areas during the first quarter," said Sidney Huang, JD.com's Chief Financial Officer. "We expect that China's e-commerce market will see ongoing rapid growth in the months and years ahead. Consistent with our near-term focus on building scale and capturing market share, JD.com will continue to invest in customer experience, fulfillment capability and brand awareness, as well as in high-potential growth initiatives.

Second Quarter 2015 Guidance

Net revenues for the second quarter of 2015 are expected to be between RMB43.5 billion and RMB44.5 billion, representing a growth rate between 52% and 56% compared with the second quarter of 2014. This forecast reflects JD.com's current and preliminary expectation, which is subject to change.


Wednesday, April 15, 2015

Comments & Business Outlook

BEIJING, April 15, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, today announced the launch of JD Worldwide, its new cross-border e-commerce platform. JD Worldwide provides Chinese consumers with the most convenient way to purchase authentic imported products, including many not previously available in China, and enables international producers and suppliers to sell directly to Chinese consumers without requiring an established presence in China.

Through the JD Worldwide platform, Chinese shoppers can order goods from hundreds of brands and sellers in overseas markets including Australia, France, Germany, Japan, South Korea, New Zealand, the United Kingdom and the United States, among others, while enjoying JD.com's industry-leading user experience. 

Fully integrated with the existing JD.com platform, JD Worldwide features both direct sales and marketplace channels. It currently hosts about 450 online shops, which offer over 150,000 SKUs of high-demand imported products from more than 1,200 brands. Customers can place orders seamlessly through JD's website and mobile applications and have purchases delivered directly to their homes or offices in China, without the typical inconveniences associated with international shipping, customs and language issues.

The platform also enables international producers and sellers to sell directly to Chinese consumers without needing to establish a legal presence in China, significantly lowering the barriers to entering the China market for global brands. JD Worldwide will offer a range of support to retailers to enable them to take full advantage of the JD Worldwide platform, including support on marketing to JD.com's nearly 100 million active users and access to JD.com's unparalleled nationwide logistics network. 

As part of the JD Worldwide launch, the company today also announced the launch of "Best of eBay Deals," a pilot program on the new platform in partnership with eBay. Responding to growing demand from Chinese consumers seeking items from eBay's global inventory, eBay's channel on JD Worldwide will showcase a variety of top categories and popular brands at attractive prices from select, trusted eBay sellers from the US.   

"JD.com has once again raised the standard for integrated e-commerce solutions in China with the launch of JD Worldwide, the most convenient way for Chinese consumers to purchase imported products," said Richard Liu, JD.com founder and chief executive officer. "This new cross-border sales platform marks a major step forward in connecting Chinese consumers with international brands. By combining the advantages of China's cross-border free trade zones, JD's warehouses and unparalleled last-mile logistics network, and our experience developing winning marketing campaigns for our partners, JD Worldwide gives international sellers and brands the most comprehensive and effective solution available for reaching Chinese consumers.

"Consistent with our overall strategy, we are committed to growing JD Worldwide at a manageable pace to ensure the highest quality products and merchants, the best shopping experience for our customers, and strong sales results for our partners."

When making purchases through JD Worldwide, consumers will enjoy the same guaranteed product authenticity, excellent prices and reliable customer service that they have come to expect from JD.com. Supported by favorable trade policies in China's e-commerce free trade zones, JD Worldwide employs bonded warehouses to ensure the fastest times for customs clearance and delivery to consumers.

JD.com has established an exclusive customer service hotline and after-sales customer support team specifically dedicated to JD Worldwide, with live online support provided to international marketplace merchants. As across all of JD's sales platforms, stringent controls have been implemented to ensure that only high-quality marketplace merchants and authentic products are permitted on JD Worldwide.


Tuesday, March 10, 2015

Comments & Business Outlook

BEIJING, March 10, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, announced today that it will offer the new Apple Watch and 12-inch Macbook for sale through the JD.com website and through its Weixin entry point beginning on April 24, simultaneously with the launch of sales in Apple Stores in Mainland China.

"China has some of the most fervent Apple fans in the world so we are delighted that we will begin selling the Apple Watch and new Macbook on JD.com, simultaneously with the official launch in Apple Stores across the country," said Mr. Haoyu Shen, CEO of JD Mall. "JD.com's same and next-day delivery network will help ensure our customers are among the first in the world to get their hands into the Apple Watch. For those who want their Apple products even faster than standard same-day delivery, JD.com will also offer three-hour delivery, as we did for the launch of the iPhone 6 and 6 Plus phones."

JD.com began taking pre-orders for the Macbook today, while customers will be able to pre-order the Apple Watch beginning on April 10.


Tuesday, March 3, 2015

Comments & Business Outlook

Fourth Quarter 2014 Financial Results

  • GMV for the fourth quarter of 2014 was RMB85.8 billion (US$13.8 billion), an increase of 119% compared with the fourth quarter of 2013.
  • Net Loss Per ADS6 and Non-GAAP Net Income/(Loss) Per ADS7.  Net loss per ADS for the fourth quarter of 2014 was RMB0.33 (US$0.05), compared to RMB0.45 for the fourth quarter of 2013. Non-GAAP net income per ADS for the fourth quarter of 2014 was RMB0.06 (US$0.01) as compared to non-GAAP net loss per ADS of RMB0.04 in the fourth quarter of 2013.

"Our commitment to providing the best e-commerce experience for Chinese consumers enabled us to deliver excellent results in the fourth quarter," said Richard Liu, founder, Chairman and Chief Executive Officer of JD.com. "Our growing reputation for product authenticity and amazingly fast delivery drove very encouraging increases in total active customers and total fulfilled orders. During the quarter, we expanded our reach in lower-tier markets and enhanced our mobile platforms to capture more of the fast-rising consumer demand across China for high-quality products and a trusted shopping experience."

"We recorded stronger than expected top line growth and healthy margin improvement in the fourth quarter, underscoring the success of our sustained emphasis on customer experience and operational efficiency," commented Sidney Huang, JD.com's Chief Financial Officer. "As we move into 2015, we will continue to invest in long-term growth, including enhancing our brand awareness, expanding our fulfillment capability and broadening our product offerings. We are confident that by focusing on building our reputation and market share we will further strengthen JD.com's position in 2015."

First Quarter 2015 Guidance

Net revenues for the first quarter of 2015 are expected to be between RMB34.8 billion and RMB35.8 billion, representing a growth rate between 54% and 58% compared with the first quarter of 2014. This forecast reflects JD.com's current and preliminary expectation, which is subject to change.


Wednesday, February 4, 2015

Comments & Business Outlook

PARIS, Feb. 3, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company today announced the launch of French Mall, a platform on JD.com dedicated exclusively to sales of authentic imported French products. JD.com launched French Mall at an event in Paris where JD.com Founder and CEO Richard Liu was joined by Senator Jean-Claude Lenoir, President of the Senate Committee on Economic Affairs; former Minister Patrick Devedjian; and Jianyi Zhu, Economic and Commercial Counsellor at the Embassy of the People's Republic of China in France, among other key members of France's business, diplomatic and political communities. At the event, JD.com and the French government also made a joint statement pledging to uphold the highest quality standards, with a focus on product authenticity.

In addition to promoting exports, French Mall will focus on satisfying fast-growing demand among Chinese consumers for authentic French products, including wine, food, cosmetics, perfume and fashion. In 2014, JD.com sold approximately 70 million French cosmetics and skin care products, 4 million bottles of French wine, and 600,000 bottles of French perfume. The company estimates that in 2015 French wine sales on JD.com will more than double.

"Chinese shoppers want genuine, high-quality imported products and they turn to JD.com because we are the clear online leader in guaranteeing product authenticity," said Mr. Liu. "Today's launch further strengthens our position as the one-stop-shop for everything our customers want to buy. Our new French Mall gives companies the opportunity to sell directly to Chinese consumers who value quality, authentic French products. We look forward to adding more leading brands to our site in the coming months."

"The development of China's e-commerce industry has been incredible, and JD.com is a clear leader of this amazingly fast growth," said Senator Lenoir. "France is a major producer of globally recognized brands, and companies should seek this historic opportunity to partner with China's leading e-commerce platforms to help French products reach tens of millions of Chinese families."


Tuesday, January 27, 2015

Comments & Business Outlook

BEIJING, Jan. 27, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (Nasdaq:JD), China's largest online direct sales company, has launched a major initiative to bring imported food to its tens of millions of Chinese customers. The US Ambassador to the People's Republic of China, Max Baucus, spoke at a recent JD.com event to promote the online sales of US-produced food and beverage products. Embassies representing five other countries are also participating in JD.com events to promote online sales of imported foods through the platform.

"JD.com customers have a tremendous appetite for imported foods, and we are delighted to bring even more of the best international brands to China," said JD Mall CEO Haoyu Shen. "This push to expand our sales of imported food products is resonating with our customers because they know that the JD.com brand means authentic and safe products."

Mr. Shen continued, "This initiative is a major step forward in JD.com's strategic efforts to dominate the verticals most important to our customers, from travel and cars, to imported foods. We aim to be the single-stop solution for Chinese consumers to make all of their daily purchases, and we are making great progress towards this goal."

Among the categories and brands of US goods featured in the promotion are:

  • Fresh US produce including Boston lobster, California wines, and US-grown fruit.
  • Products from Ocean Spray, Ghirardelli, Silk, Starbucks, Organic Valley, Mars, Quaker, Dead Guy Ale, Sun-Maid and Pringles, among dozens of others.

In addition to the American Ambassador, embassy officials representing Australia, Canada, Chile, France and New Zealand are also participating in JD.com events to promote imported foods from their countries.

Partnership with Leading Fine Wine Producers

As part of the international food promotion initiative, JD.com is also partnering with some of the leading global producers of fine wine to promote their sales on JD.com.

Participating international wine producers include:

  • Smith-Anderson, Henkell, Joseph Cattin, Pichon Selection, Fattoria Vignavecchia, Marenco, Rocche Costamagna, Gruppo Italiano Vini, Coopers Creek, Babich, Weingut Max Ferd. Richter, Domaine Asmara, Vina Concha y Tora, Sena, Evo, Soumah, Pfeiffer, Dog Ridge, McLaren Vale and Perez Cruz.

In its effort to source and supply high-quality imported products, in recent months JD.com has launched a number of partnerships with international food producers and trade promotion agencies. In 2014, JD.com partnered with the Australian Ministry of Agriculture to promote sales of Australian food products, and it has recently started working with Chilean fruit producers to sell fresh fruits such as cherries and blueberries. Relying on JD.com's same- and next-day standard shipping, and reputation for ensuring quality, the company has been able to help international food producers tap the huge potential of the Chinese consumer market.


Thursday, December 18, 2014

Comments & Business Outlook

BEIJING, Dec. 18, 2014 (GLOBE NEWSWIRE) -- JD.com, Inc. ("JD.com" or the "Company") (Nasdaq:JD), China's largest online direct sales company, today announced that Gap Inc. (NYSE:GPS) has opened a flagship store on its marketplace site. The new flagship store will use the leading JD.com marketplace platform that gives internationally renowned brands and manufacturers access to the company's massive base of active and loyal Chinese shoppers.

"We are delighted to launch this partnership with The Gap and provide our tens of millions of customers access to their clothing and other items," said JD Mall CEO Haoyu Shen. "Bringing an iconic American brand like The Gap to our site further strengthens our selection of apparel, which is consistently among JD.com's fastest growing and most popular categories."

"As a leading global retailer, our unique American casual style and brand position resonate strongly with Chinese consumers, enabling us to significantly expand our presence in the China market," said May Ng, VP, eCommerce, Gap China, "The launch of Gap's flagship store on JD.com underlines our confidence and commitment to this growing market. We are truly excited about this new partnership, which allows us to further engage with more local customers, providing them with authentic products with high quality and a superior shopping experience."

With The Gap flagship store up and running today, customers are able to purchase some 600 different Gap items for men, women and children. JD.Com customers of The Gap store will also have access to exclusive discounts, in addition to the secure, seamless and satisfying experience they rely on across the large and growing JD.Com platform.

The Gap joins dozens of leading global brands who have chosen JD.Com as the premier platform to offer their goods to China's online shoppers.


Wednesday, December 3, 2014

Deal Flow

JD.com, Inc.

Representing 52,006,342 Class A Ordinary Shares



              This is a public offering of American depositary shares, or ADSs, of JD.com, Inc. We are not selling any ADSs. The selling shareholders identified in this prospectus are selling 26,003,171 ADSs. Each ADS represents two of our Class A ordinary shares, par value US$0.00002 per share. We will not receive any proceeds from the sale of ADSs by the selling shareholders.

              Our ADSs are listed on the NASDAQ Global Select Market, or NASDAQ, under the symbol "JD." On December 2, 2014, the closing trading price for our ADSs, as reported on NASDAQ, was US$23.91 per ADS.

               
 
 
Per ADS
 
Total
 

Public offering price

  US$ 23.80   US$ 618,875,470  

Underwriting discount

  US$ 0.4165   US$ 10,830,321  

Proceeds, before expenses, to the selling shareholders

  US$ 23.3835   US$ 608,045,149  

Wednesday, May 14, 2014

Comments & Business Outlook

JD.com, Inc. is a holding company. The Company is an online direct sales company. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. The Company also offers online and in-person payment options and comprehensive customer services. As of February 28, 2014, the Company offered approximately 31.3 million stock keeping units (SKUs) through its online direct sales and marketplace.

As of February 28, 2014, the Company operated 82 warehouses with an aggregate gross floor area of over 1.3 million square meters in 34 cities and 1,485 delivery stations and 212 pickup stations in 476 cities across China, staffed by 20,785 delivery personnel, 8,828 warehouse staff and 4,874 customer service personnel. The Company’s subsidiaries include Beijing Jingdong Century Trade Co., Ltd., Tianjin Star East Corporation Limited, Beijing Jingbangda Trade Co., Ltd. and Shanghai Shengdayuan Information Technology Co., Ltd.