"During the filing with the Hong Kong Stock Exchange (HKEX), JD.com stated that it would acquire existing shares from Kuayue Express and also buy the company's newly issued shares.
The company was one of the earliest to offer same- and next-day delivery options in the country, since its inception in 2007. This helps Alibaba cover its international mid-mile transport needs, while also gaining sizable control over the delivery experience it provides its overseas customers. This partnership will help JD.com push its e-commerce platform further into Western markets, where it has had less reach compared to its presence in China. JD.com sets the standard for online shopping through its commitment to quality, authenticity, and its vast product offering covering everything from fresh food and apparel to electronics and cosmetics. Review JD revenue, net income, and cash flow. Kuayue Express was valued at over $2.9 billion but has since struggled with cash flow. Company Name: JD.Com ADS, Stock Symbol: JD, Industry: Internet - Online Services, Total Posts: 106, Last Post: 8/18/2020 3:45:46 PM Share your opinion and gain insight from other stock traders and investors. "Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and advanced operations," said Wang Zhenhui, CEO of JD Logistics. This year, JD.com has been active in acquiring companies aside from building its own fleets, having bought a $100 million stake in Li & Fung, a Hong Kong-based supply chain management firm for primarily U.S. and European brands. Find the latest JD.com, Inc. (JD) stock discussions in Yahoo Finance's forum. For JD.com, this acquisition would build on its idea of scaling up from an e-commerce company to one that can exercise control over end-to-end supply chain operations. Beijing Jingdong Century Trading Co., Ltd. operates as an online retailer in China.
JD sells groceries both online and offline in China and is now the leading supermarket business in the country. Find the latest JD-SW (9618.HK) stock discussion in Yahoo Finance's forum. The company already operates futuristic warehouses with a high degree of automation and runs its own last-mile delivery fleets — while delivering everything from fresh food to electronics. $JD JD com stock with a breakout watch above 63.7 , see #finance #money #wallstreet #stockmarket #stocks 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. Share your opinion and gain insight from other stock traders and investors. It also owns a 12% stake in Yonghui, one of China's leading supermarket chains, and has a strategic partnership with Walmart, which has 438 stores in the country.
Before JD.com's announcement, market speculation since May was about courier company ZTO considering acquiring a stake in Kuayue Express.Shenzhen-based Kuayue Express has over 50,000 employees, 13 chartered cargo planes and 17,000 trucks, handling more than 300,000 orders daily across 500 cities in China. However, the Chinese e-retail market is heavily competitive, with JD.com's rival Alibaba strengthening its logistics capabilities of late. Since successfully mitigating the spread of COVID-19, China has rebounded to nearly pre-pandemic levels of economic activity. "The cooperation between Kuayue Express and JD Logistics is expected to rewrite the current competitive pattern of China's logistic market," Kuayue Express said in a statement on WeChat. "Collaborating with Kuayue Express advances our integrated supply chain management, technology initiatives and service expansion to third-party merchants. Start a 14-day free trial to Morningstar Premium to unlock full historical financials. It operates the 7Fresh supermarket chain, which it launched in 2017, and plans to open 1,000 locations by 2023.
JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue. The company was founded in 1998 and is based in Shanghai, China.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 widespread quarantine and lockdown of Chinese cities meant more e-commerce sales, which saw a 19% increase in Q1 2020 compared to the same quarter last year, while offline sales dropped by 13% in the same period. It retails various categories of products to customers worldwide.
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