Latest news with #SandyXuRan
South China Morning Post
25-06-2025
- 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.
South China Morning Post
06-03-2025
- Business
- South China Morning Post
JD.com nearly triples quarterly profit on back of revived consumer spending
Chinese e-commerce giant saw its December-quarter profit nearly triple from a year earlier on the back of increased consumer spending in the world's second-largest economy. Advertisement The Beijing -based company on Thursday reported a better-than-expected profit of 9.9 billion yuan (US$1.4 billion) in the fourth quarter, up from 3.4 billion yuan in the year-earlier period. Revenue reached 347 billion yuan, up 13.4 per cent from 306 billion yuan a year ago. shared were up nearly 5 per cent in pre-market trading in the US. Its Hong Kong-listed shares rose 8.42 per cent to close at HK$179 on Thursday before the firm's latest financial results were released. 'Our top-line growth returned to double digits year-on-year, and the bottom line also achieved healthy expansion,' chief executive Sandy Xu Ran said in a statement. 'In addition, most of our product categories as well as key metrics, such as our quarterly active users and shopping frequency, saw strong double-digit growth year-on-year in the fourth quarter.' Advertisement For the full year, reported profit of 41.4 billion yuan, compared to 24.2 billion for 2023. Total 2024 revenue reached 1.159 trillion yuan, a 6.8 per cent increase from 1.085 trillion yuan a year earlier. 'We head into 2025 with more optimism, as consumption sentiment steadily picks up, and we continue to unlock high-quality growth potential with our strong execution of strategic priorities,' Xu said.
