Latest news with #JDLogistics
Yahoo
6 days ago
- Business
- Yahoo
JD.com (JD) Launches Zero-Commission Hotel Program, Disrupting Travel Sector
Inc. (NASDAQ:JD) is one of the 10 best AI stocks to buy according to billionaire David Tepper. On June 18, issued an announcement that sent ripples through China's online travel and services industry. In the announcement, the company said that hotel merchants joining its JD Hotel PLUS Membership Program will enjoy up to three years of zero commission. A close-up of a customer using the company's e-commerce platform whilst shopping online. The open letter to hotel merchants was way of launching a deeper foray into China's hotel and travel industry. stated it will focus on providing supply-chain services to lower operational costs and enhance guest experiences. The company's founder, Richard Liu, has emphasized that the core logic is 'supply chain optimization' to compress backend costs. This announcement dealt a blow to major players in the sector. For instance, Group, China's leading online travel agency, saw its shares plunge approximately 5% in Hong Kong trading. Similarly, Meituan, which offers food delivery and travel-booking services, saw its stock slide nearly 4%. Other online travel platforms like Tongcheng Travel also experienced significant drops, with some falling over 9%. Inc. (NASDAQ:JD) is a Chinese e-commerce and supply chain technology company. It operates through segments like JD Retail, JD Logistics, JD Health, JD Industrials, and JD Technology. The company sells various products, including electronics, home appliances, groceries, apparel, and healthcare items, through its online and offline platforms. JD also provides logistics and cloud- and AI-driven supply chain services. While we acknowledge the potential of JD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs China Stocks: 10 Stocks to Buy and 10 Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing. Disclosure: None. 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
South China Morning Post
6 days ago
- Business
- South China Morning Post
JD.com hires full-time food delivery riders to challenge Meituan, Alibaba
JD Logistics has kicked off recruitment of full-time meal delivery riders, as its parent – e-commerce giant – intensifies efforts to compete with Meituan and Alibaba Group Holding in the lucrative Chinese food delivery market. Hong Kong-listed JD Logistics said on Tuesday it had started hiring full-time riders for food delivery business, in a move aimed at broadening the subsidiary's service offerings, according to a filing with the stock exchange. Beijing-based launched its food delivery service in February following a trial last year, sparking a turf war in a sector long dominated by Meituan and Alibaba's recruitment drive suggested that it urgently needed to strengthen its courier workforce amid heightened competition in the food delivery market, analysts said. 'With JD Food Delivery's daily orders surpassing 25 million, the courier shortage has become increasingly apparent,' said Cheng Liteng, an analyst at Chinese e-commerce consultancy A Meituan food delivery courier in Chongqing, southwest China. For months, has been relying on its on-demand delivery subsidiary Dada Nexus, which counts 1.3 million annual active riders, to support its new food delivery services. said last week it had hired over 120,000 full-time meal-delivery riders as of mid-June, with CEO Sandy Xu Ran expecting this number to reach 150,000 by the end of the quarter. Despite the rapid addition, these figures still lagged those of competitors with millions of delivery personnel, including both full-time and part-time riders.
CairoScene
20-06-2025
- Business
- CairoScene
China's JD Logistics Launches JoyExpress Courier Service in KSA
China's enters the Saudi market with JoyExpress, a self-operated courier service covering main provinces with rapid delivery and full logistics infrastructure. Jun 20, 2025 JD Logistics, the logistics arm of China's e-commerce giant has launched JoyExpress—a self-operated business-to-consumer courier service—in Saudi Arabia. This marks the company's first overseas consumer-focused delivery network, offering same-day and next-day delivery across most of the Kingdom's 13 provinces. JoyExpress is backed by a logistical network under development that includes warehouses, transfer and sorting centres, and delivery stations staffed by in-house couriers, drivers, warehouse operators, and customer service teams. Known for its self-built logistics infrastructure in China—with over 3,600 warehouses, 19,000 delivery stations and nearly 510,000 frontline staff—JD Logistics looks to replicate its model in the region.
Arab News
19-06-2025
- Business
- Arab News
Chinese JD Logistics launches Riyadh hub to speed up deliveries in Saudi Arabia
RIYADH: China's JD Logistics has launched a regional operations center in Riyadh, enabling same-day and next-day deliveries across Saudi Arabia through its self-operated express service, JoyExpress. The new 8,000-sq.-meter smart warehouse — JD's first in the region — will serve as a logistics base for its business-to-consumer delivery network, supported by advanced automation and a robust supply chain infrastructure, the company said in a press release. The facility is expected to meet rising consumer demand in Saudi Arabia, with a report released in April Research and Markets showed showing that the Kingdom's e-commerce market is expected to grow at a compound annual growth rate of 12.10 percent during the period from 2025 to 2033, to reach $68.94 billion. Rayan Al-Bakri, deputy minister for Logistics Services at Saudi Arabia's Ministry of Transport and Logistics Services, said: 'JINGDONG Logistics' investment in Saudi Arabia aligns with our national vision to become a global logistics hub.' He added: 'We welcome the company's advanced self-operated express delivery services, which we believe will not only elevate service standards in the Kingdom but also create new opportunities for employment, innovation, and industry development in support of Vision 2030.' Saudi Arabia's National Logistics Strategy aims to position the Kingdom as a leading global logistics hub by enhancing infrastructure, fostering economic growth, and ensuring integration across various modes of transport. During the launch, JD Logistics Vice President Wang Ying announced that the company's services will cover most regions of the Kingdom, the Saudi Press Agency reported. Saudi Arabia's Courier, Express, and Parcel market is expanding rapidly, fueled by a digitally savvy population and the ongoing rise of e-commerce. According to a report by Mordor Intelligence, the Kingdom's Courier, Express, and Parcel market is projected to grow at a compound annual growth rate of 6.48 percent from 2025 to 2030, with the B2C segment already comprising 56 percent of the market value in 2024. 'The launch of JoyExpress marks a key milestone in international journey and business development in Saudi Arabia,' said Charlie Peng, head of Middle East at JD Logistics. He added: 'JINGDONG Logistics will provide leading edge services to our customers in Saudi Arabia and importantly, align with Saudi Arabia's Vision 2030 strategy with its focus on logistics and job creation.' The launch comes amid a broader wave of international investment in Saudi Arabia, aligned with the Kingdom's regional headquarters program. The initiative offers incentives including a 30-year corporate income tax exemption, withholding tax relief, and regulatory support for multinationals operating in the Kingdom. In March, SPA reported that 600 foreign companies have established regional headquarters in the Kingdom since 2021. Notable firms include BlackRock, Northern Trust, and Bechtel, as well as PepsiCo, IHG Hotels & Resorts, PwC, and Deloitte.
South China Morning Post
19-06-2025
- Business
- South China Morning Post
JD.com takes on rival Meituan in Saudi Arabia with launch of express delivery service
Chinese e-commerce giant is extending its deep-seated rivalry with Meituan to Saudi Arabia, launching a self-operated courier service in the country as it extends its footprint in the Middle East. On Wednesday, logistics arm JD Logistics announced the launch of JoyExpress, a business-to-consumer express delivery service that covers most of the 13 provinces in the Middle Eastern country, according to a statement. JoyExpress provides expedited same-day and next-day delivery services for local e-commerce platforms, as well as online and offline merchants. It also delivers end-to-end logistics and supply chain solutions, including cross-border shipping and customs clearance, to facilitate global trade. JD Logistics said it was building a wider local logistics network with warehouses, sorting centres, and delivery stations, supported by an in-house team of couriers, drivers, warehouse staff, and customer service personnel to strengthen its courier service. People walk past the Meituan booth at the World Robot Conference in Beijing, August 18, 2022. Photo: Reuters 'We look forward to expanding JoyExpress across the Kingdom [of Saudi Arabia], bringing our industry-leading large-item delivery and installation capabilities to the market,' Charlie Peng, Jingdong Logistics' Middle East market head, said in the statement. He added that the move marked 'a key milestone' in international expansion in Saudi Arabia.
