JD.com (JD), 9618 HK; 02 (Mar 23 - Dec 26)

[winston]

not vested

JD-SW Officially Enters Tourism Sector, Offering Max. 3 Yrs Zero Commission for Merchants

JD-SW (09618.HK) announced its official entry into the tourism industry, and said that the tourism market has been increasingly prosperous in recent years, simultaneously generating more diverse demands.

JD-SW aimed to provide supply chain services to the hotel industry through new channels, optimize supply chain costs, seize growth opportunities and promote healthy and sustainable development of the hotel industry.

Hotel merchants participating in the 'JD Hotel PLUS Membership Program' will enjoy up to 3 years of zero commission, JD-SW added.

JD-SW hoped to help the hotel industry reduce operating costs, thereby releasing more resources to focus on service quality and experience renewal.

JD-SW has over 800 million high-spending power users nationwide, and cooperates with over 30,000 large enterprises and 8 million SMEs, with a high overlap with the main customer group of 4-star-and-above hotels, potentially bringing richer and more diverse high-potential passenger flow.

The high-frequency consumption of massive users has spawned more consumption demands such as travel, JD-SW added.

Richard Liu declared that the goal of entering the hotel and travel industry is to optimize the supply chain, reduce industry costs to one-third of the original level, and provide new solutions for the supply chain in fields such as hotels and catering.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

JD.com billionaire unveils turnaround plan after five-year slump

JD’s future growth should all be about leveraging a battle-tested logistics network in areas like meal delivery, where it’s making headway despite initial losses.

In March, JD made an aggressive entry into China’s US$80 billion-plus ($102.73 billion) food delivery market, a long-dormant arena controlled by Meituan and Alibaba Group Holding’s Ele.me.

Liu personally handed out takeouts to customers during a publicity stunt, gave away 10 billion yuan ($1.79 billion) in user subsidies, and promised above-industry benefits for his army of 100,000 delivery riders.

About 40% of JD’s new food-delivery users have since converted into e-commerce customers.

Roll out its e-commerce platform in Europe in 2026, after three years of building infrastructure there.

Three-year membership program that waives commissions for hotels.

Source: Bloomberg

https://www.theedgesingapore.com/news/g ... year-slump

[winston]

JD.com founder bets on stablecoins to cut cross-border e-commerce transaction costs

These tokens are poised to become a major cross-border payment tool.

JD.com intends to secure stablecoin licences across key currency markets globally … to reduce cross-border transaction costs by 90 per cent.

Liu also said international expansion was a priority for JD.com, which expects to launch operations in Europe next year.

Unlike the cross-border e-commerce operations of Temu and Shein, Liu said JD.com will build up local teams, sourcing and distribution in overseas markets. JD.com aims to bring 1,000 Chinese brands to global markets within five years.

JD.com’s app already covers hotel and airline reservations, ticket purchases and train bookings.

The company faces strong competition in the online travel market, where popular players include Trip.com and Fliggy – a unit of Alibaba Group Holding.

In its mainland delivery operations, JD.com has recruited more than 120,000 full-time riders within just three-and-a-half months. He projected the company’s total workforce to number around 900,000 by the end of the second quarter.

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... pe=section

[behappyalways]

JD.com billionaire unveils turnaround plan after five-year slump
https://www.theedgesingapore.com/news/g ... year-slump

[winston]

not vested

JD.com billionaire’s viral stunt reignites China’s food-delivery feud

In just a few months, JD, China’s largest online retailer by revenue, amassed 25 million daily takeout orders across 350 cities, capturing more than half the volume of Alibaba Group Holding’s Ele.me, the runner-up to market leader Meituan.

Liu is now turning to an old playbook: charging restaurants no commission, generous hiring bonuses for 100,000 new full-time riders, plus a 10 billion yuan (S$1.8 billion) discounting campaign for consumers.

During its flagship shopping festival this month, JD sold coffee and bubble tea for as cheap as 1.68 yuan.

JD’s takeout business could generate as much as 18 billion yuan in annualised losses, wiping out 36 per cent of its parent’s operating profit for 2025.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... ivery-feud