Latest news with #JDLogistics
Time of India
7 hours ago
- Business
- Time of India
JD.com looks to international market for growth
JD Logistics announced on Wednesday the launch of JoyExpress in Saudi Arabia , marking the first time the logistics arm of Chinese e-commerce giant will operate its own consumer-focused express delivery service abroad. Known for its self-built warehousing and delivery network in China, JD Logistics operates over 3,600 warehouses in its home country. JoyExpress extends this self-operated model overseas, and will offer delivery services as fast as the same-day in Saudi Arabia, according to JD Logistics. The expansion may mark the first step in renewed international push for growth, according to the company's founder and chairman Richard Liu . Growth at home has been harder to come by for e-commerce giants, as consumer confidence hit by China's protracted property crisis and wage growth concerns add to deflationary pressures. Liu held a sharing session in Beijing on Tuesday in which he emphasized the importance of the global market for future growth and a likely acceleration of the pace of its overseas forays in the near future. "We have been working in Europe for three years, and the logistics infrastructure there is now basically in place. However, it's still not enough," he said, according to local media reports. Liu described the past five years as "lost" for and emphasized the need for the company to compete with Chinese food delivery giant Meituan in new areas, ranging from food delivery to travel booking. JD launched JD Takeaway, a direct competitor to Meituan, earlier this year and Meituan has also expanded to Saudi Arabia in recent years. "It's really regrettable that in the past five years, hasn't introduced anything new. These past five years can be described as a period of decline for us," he said. Liu also revealed plans to apply for stablecoin licenses in major currency countries globally. The goal is to facilitate foreign exchange between global enterprises, reducing the cost of cross-border payments by 90% and increasing efficiency to within 10 seconds. Last year, the Hong Kong Monetary Authority (HKMA) announced that JINGDONG Coinlink Technology Hong Kong, a wholly-owned subsidiary of JD Technology, has joined its stablecoin issuer sandbox, which is a framework set up by the HKMA to convey regulatory expectations to institutions that are interested in issuing stablecoins in Hong Kong.
Reuters
8 hours ago
- Business
- Reuters
China's JD launches first international self-operated express delivery service
BEIJING, June 18 (Reuters) - JD Logistics ( opens new tab announced on Wednesday the launch of JoyExpress in Saudi Arabia, marking the first time the logistics arm of Chinese e-commerce giant ( opens new tab will operate its own consumer-focused express delivery service abroad. Known for its self-built warehousing and delivery network in China, JD Logistics operates over 3,600 warehouses in its home country. JoyExpress extends this self-operated model overseas, and will offer delivery services as fast as same-day in Saudi Arabia, according to JD Logistics.
Yahoo
6 days ago
- Business
- Yahoo
China ramps up green packaging in express delivery amid online shopping boom
China has introduced new regulations to promote sustainable packaging in its rapidly growing express delivery sector, coinciding with a peak period for online shopping. The updated rules, effective from June 1, aim to reduce packaging waste and environmental impact in a market handling billions of parcels annually. The revised courier regulations include a specific chapter dedicated to packaging standards. These guidelines require minimising material use, avoiding excessive wrapping, and curbing pollution caused by delivery packaging. This marks the first time the Chinese government has codified detailed environmental requirements for the express delivery industry's packaging practices. China's parcel volume surged to over 175 billion in 2024, an increase of more than 21 percent compared with the previous year. The rapid expansion has heightened concerns over the resulting packaging waste, making green packaging solutions an urgent priority for the sector. Efforts to improve packaging sustainability are visible across multiple regions. In Zhejiang Province, a packaging manufacturer uses entirely recycled cardboard to create corrugated paper through a closed-loop recycling process. Similarly, a company in Anhui Province has developed fully biodegradable adhesive tape, now produced at industrial scale. Logistics firms are also adopting more efficient packaging methods. For example, JD Logistics in Hangzhou ships many products in their original manufacturer packaging, reducing the need for secondary wrapping. This shift has cut over one billion pieces of additional packaging in 2024 alone. Consumer involvement in green packaging is increasing, with recycling initiatives at locations such as Zhejiang University's mail station where up to 90 percent of used boxes are reused. Digital tools track environmental contributions, encouraging sustainable behaviour through carbon credit incentives. The State Post Bureau has pledged to accelerate the adoption of packaging standards and support innovation in eco-friendly products and business models. These measures aim to drive a comprehensive green transition across China's express delivery industry, spanning production, logistics, and recycling processes. "China ramps up green packaging in express delivery amid online shopping boom" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
30-04-2025
- Business
- Korea Herald
JD.com brings logistics power to Korea in bid to rival Coupang
Under tariff pressure, 'China's Amazon' targets Korea in strategic shift from US As Chinese e-commerce players contend for market share in neighboring South Korea — an apparent hedge against tightening access to the US — has entered the fray, armed with its own logistics network. one of China's leading e-commerce platforms alongside AliExpress and Temu, sets itself apart with a direct-purchase model in contrast to the open-market approach favored by its peers. Last week, JD Logistics, the supply chain arm of opened two self-operated logistics centers in Incheon and Icheon, Gyeonggi Province, marking the first time a Chinese e-commerce company has established its own warehouses on Korean soil. According to the centers offer third-party fulfillment and 12-hour delivery across parts of Seoul and Gyeonggi Province. The Incheon hub handles logistics for US consumer goods and Korean beauty brands targeting overseas markets, while the Icheon center specializes in pet products. 'Consumers in South Korea expect fast and precise delivery,' said an official from JD Logistics. 'By combining our automation capabilities with global operations expertise, JD Logistics is well-positioned to support local brands and enhance customer satisfaction.' JD Logistics also connects Korean products directly with Chinese consumers via cross-border e-commerce platform, the company explained. The company's global logistics network now spans over 100 warehouses across 19 countries. expansion into Korea may seem abrupt, but its footprint in the country dates back to 2018, when it set up JD Korea, a subsidiary tasked with wholesale and retail sales, e-commerce and telecommunications. In 2022, it secured a license for cross-border freight services. Industry insiders see JD Logistics' new centers as a step toward entering Korea's e-commerce market. Its apparent push to court Korean consumers adds to the unease among domestic firms already grappling with slowing growth and declining performance. ' has typically prioritized building its own logistics infrastructure when entering new markets, and this move appears to follow the same playbook,' one industry official said. 'A full-scale launch into the Korean market now seems only a matter of time.' foray into Korea is likely to set the stage for a rivalry with Coupang, the country's e-commerce powerhouse, as both companies prioritize speed and logistics through infrastructure-driven models. 'The influx of low-cost Chinese products is likely to expand, intensifying cutthroat competition with Korean e-commerce platforms like Coupang,' another industry official noted. reported annual revenue of 1.16 trillion yuan ($160 billion) last year, more than five times Coupang's 41 trillion won ($29 billion) in sales. While Coupang is listed on the New York Stock Exchange, trades on the Nasdaq. As macroeconomic tides shift with sluggish domestic growth in China and rising trade tensions with the US, Chinese e-commerce firms are extending their reach into overseas markets with stronger growth potential. The US government's recent move to end tariff exemptions on Chinese imports under $800 also motivates Chinese e-commerce giants' advance into Korea, a high-stakes market where their platforms are rapidly gaining ground. According to market research firm WiseApp, AliExpress and Temu's combined transaction volume in Korea reached an estimated 4.28 trillion won last year, up 85 percent from the year before. In 2021, the figure was just 1.1 trillion won, before crossing the 2 trillion mark in 2023.
Zawya
02-04-2025
- Automotive
- Zawya
JINGDONG Logistics expands operations in MENA
JINGDONG Logistics, also known as JD Logistics, has expanded its presence in the Middle East with five warehouses and beyond in parts of North Africa, according to a press release. The Chinese supply chain management company established a strategic partnership with the listed Saudi Electricity Company (SEC) in 2024 to automate and upgrade dozens of its warehouses, enhancing end-to-end supply chain efficiency and cost reduction across MENA. JINGDONG Group began expanding into the Middle East market years ago; in 2020, the company launched its first self-operated warehouse in Jebel Ali Port in UAE's Dubai. This was followed by its second UAE Dubai Warehouse which started operation, providing an integrated supply chain solution for Chinese brands going global, as well as local brands, merchants, and traders, with coverage extending across Asia, Africa, and Europe. In addition, JINGDONG Logistics partnered with Chinese automaker Chery earlier in 2025 to establish one of the largest automotive parts centers in the Middle East. Leveraging advanced warehousing expertise and logistics technology, JINGDONG Logistics handled the planning and design of this regional parts hub while offering end-to-end supply chain services, from container receiving, customs clearance, warehousing, and quality inspection to storage, order processing, packaging, and outbound shipping. The center significantly improves parts logistics efficiency, serving markets across the Middle East and North Africa. Source: Mubasher
