JD Logistics

JD Logistics, Inc.
Company typePublic subsidiary
SEHK: 2618
IndustryLogistics
Founded2007; 18 years ago (2007)
HeadquartersBeijing, China
Key people
Liu Qiangdong (Chairman)
Wei Hu (CEO)
RevenueIncrease CN¥166.62 billion (2023)
Increase CN¥1.17 billion (2023)
Total assetsIncrease CN¥112.90 billion (2023)
Total equityIncrease CN¥55.37 billion (2023)
Number of employees
457,015 (2023)
ParentJD.com
Websitewww.jdl.com
Footnotes / references
[1]

JD Logistics (JDL), also known as JINGDONG Logistics ( pinyin: Jīngdōng) is a Chinese supply chain management and logistics company. It is a subsidiary of JD.com.

Background

The company was initially established as an internal department of JD.com and its subsidiaries in 2007.[2]

On 23 November 2016, the department became a stand-alone business with the name JD Logistics and began to conduct businesses for external customers, This was done as JD.com wanted to expand outside China and would need to expand its infrastructure. [2][3][4]

In October 2017, JDL launched its first fully automated B2C warehouse in Shanghai. It was expected to handle over 200,000 orders per day.[5][6]

In May 2021, JDL held its initial public offering and became a publicly listed company on the Hong Kong Stock Exchange. It raised US$ 3.2 billion and was the second largest listing in Hong Kong that year. [7][8][9]

In March 2022, JDL acquired a majority stake in domestic courier company Deppon Logistics for 9 billion yuan (US$1.42 billion). This was done to expand its logistics capability amid the e-commerce boom that resulted from the COVID-19 lockdown in China.[9]

As of September 30, 2023, JDL operated over 1,600 warehouses. Including warehouse space managed through the Open Warehouse Platform, JD Logistics ' warehouse network had an aggregate gross floor area of over 32 million square meters.[10][11]

References

  1. ^ "2023 Annual Report" (PDF). HKEX.
  2. ^ a b "JD Logistics Prepare for IPO as Company Continues to Bleed Money - Caixin Global". www.caixinglobal.com. Retrieved 2024-03-08.
  3. ^ "京东物流独立 五年内实现千亿营收 - 21财经". m.21jingji.com. Retrieved 2024-04-16.
  4. ^ "京东物流开放是重大战略转型开始 访京东集团CEO刘强东". 中国经营报. 31 December 2016.
  5. ^ "京东物流揭秘无人仓建设：50%的创新聚焦"拆零拣选"-中新网". chinanews. Retrieved 2024-04-08.
  6. ^ "Online retailers give intelligent logistics a boost - Business - Chinadaily.com.cn". China Daily. Retrieved 2024-04-08.
  7. ^ SOMASUNDARAM, NARAYANAN (28 May 2021). "JD Logistics cheers Hong Kong investors with strong debut". Nikkei Asia. Retrieved 2024-06-15.
  8. ^ Choi, Martin (2021-05-28). "JD Logistics debuts with 14 per cent premium in Hong Kong trading". South China Morning Post. Retrieved 2024-06-15.
  9. ^ a b Rosendar, Yessar (14 April 2022). "China E-Commerce Giant JD To Acquire Courier Company Deppon For $1.4 Billion". Forbes. Retrieved 2024-06-15.
  10. ^ "京东物流2023年营收1666亿 全年未经调整净利润扭亏为盈 _ 东方财富网". finance.eastmoney.com. Retrieved 2024-04-16.
  11. ^ ""价格战"转向"服务战"，京东物流做好准备了吗？". 新浪财经. 18 March 2024.

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