JD.com, the China-based mega e-commerce retailer, has begun operating its own cargo flights as part of its diversification into global logistics services.
At the end of Q1, JD Logistics was operating over 1,000 warehouses globally that cover 226 million square feet of space, managed by the JD Logistics Open Warehouse Platform.
According to a company blog, ForU Worldwide is able to increase operational efficiency of vehicles by 24% and reduce shipping cost by 15%.
JD.com’s logistics spinoff is rumored to list in Hong Kong by the end of the month.
The company can deliver over 90% of its orders same or next day, and has access to 99% of the population.
JD.com gets controlling stake in Chinese express transport firm Kuayue Express.
Chinese e-commerce heavyweight JD.com reports strong growth across its platform, a trend the company expects to continue.
Logistics has been the key to sustaining the 10-year economic recovery. Amazon is gaining strength in self-handling though not 48 percent. FedEx’s Smith pledges there are no “sacred cows” at the company
Unilever, the massive Rotterdam-headquartered company that brings beauty, personal care, and food products to over 2.5 billion people daily, has partnered with JD.com, an e-commerce giant based in Beijing, to expand its reach in China.
JD.com opened a completely automated warehouse near Shanghai, keeping up with its robust investment in technology to optimize and inject increased efficiency in its logistics processes.
JD Logistics, the delivery arm of Chinese e-commerce giant JD.com, uses electric bikes as just one last-mile delivery solution. The delivery drivers pick up goods as local “delivery stations” for final delivery.
E-commerce giant JD.com is expanding their reach and efficiency.
