Consumer Staples Author: EqualOcean News, Zhiqing Chen May 21, 2021 04:08 AM (GMT+8)

The China's leading one-stop ecommerce platform, JD.com, recently released its earnings report for the first quarter of 2021.

JD.COM

  • During the first quarter of 2021, JD.com’s retail sales generated net profits of around CNY 27.9 billion (USD 4.3 billion), a YoY increase of 73%.

  • Amidst the global pandemic, China began to stage an impressive economic recovery in 2020, with a 2.3% GDP growth (link in Chinese). 

  •  As of March 31, the company had nearly 500 million active users, with a net increase of more than 112 million active users in one year. Among them, 80% of JD.com’s new users came from the sink market.

  •  In the first quarter of 2021, JD Logistics operated over 1,000 warehouses. Including the area of Cloud warehouses managed by JD Logistics, the total area of JD Logistics warehouses exceeds 21 million square meters.

  • In response to the governmental execution of rural revitalization, JD will launch the 'Wealth Support Plan' over the next three years, bringing its five core capabilities of supply chain, logistics, finance, technology and services into implementation. 

  • This plan will include innovations from smart agriculture, new infrastructure building, industrial zone support, supply chain empowerment, financial support and ecological systems to accelerate the whole industrial chain in rural areas.