Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

JD.COM, INC.

(JD)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Chengdu Becomes the Largest Imported-Wine Market in China: JD's Data

11/23/2021 | 03:19am EST

by Yiming Yan

JD Supermarket has released an imported wine consumption trends report this week with insights from the Singles Day Grand Promotion, reflecting Chinese consumers' enthusiasm towards imported wine. The western city of Chengdu pulled ahead of Beijing and Shanghai, two of China's largest metropolitan areas, becoming the largest consumer market of imported wine, accounting for roughly 20% value of the country's overall import wines during the grand promotion.

According to the report, the consumption of imported wine also showed a trend towards high-end brands, with deluxe single malt whisky increasing by 16 times YOY in the first 10 minutes of the promotion. In addition, sales of fruit cider increased by 24 times compared with last year during the shopping festival.

Among them, Martell, Rémy Martin, Jack Daniel's, Hennessy and Johnnie Walker were the top 5 most popular brands among Chinese consumers. Rémy Martin Club Cognac 50cl, Jack Daniel's Black Label Tennessee Whisky 70cl and Johnnie Walker Black Label 12-Year-Old Scotch Whisky 70cl were the bestsellers.

The demographic distribution of imported wine consumers is notable. Imported wine has become a newly emerging norm among the younger generation. Consumers under age 35 have made 62% of all imported wine consumptions. Furthermore, female consumers contributed up to one-third of the imported wine consumption.

Behind these phenomena, several co-brandings boosted the sales. For example, Casillero del Diablo with Manchester United, and Rio with Hearthstone, both gained popularity among young consumers.

(yanyiming1@jd.com)

Disclaimer

JD.com Inc. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 08:18:03 UTC.


ę Publicnow 2021
All news about JD.COM, INC.
01:06aJD COM : Ambassador of Peru Hand-delivers Student's Spring Festival Purchases
PU
01/27JD COM : Sri Lankan Ambassador to China Takes a New Post as JD Courier to Deliver Online O..
PU
01/27JD COM : Rwandan Ambassador to China and JD Courier Deliver to Customer's Doorstep ahead o..
PU
01/27CLOUD COMPUTING : The key players to keep an eye on
01/27JD COM : Malaysian Ambassador-Turned-JD Courier Delivers Imported Products to Chinese Cons..
PU
01/27JD COM : Leading U.S. Brands Gear Up for JD's Chinese New Year Grand Promotion
PU
01/25JD COM : Ambassadors-Turned-JD Couriers Deliver Imported Products to Chinese Consumers' Do..
PU
01/25JD.com’s Tech Arm Declines to Comment on Reported Hong Kong IPO
MT
01/18JD.com Partners With Shopify on Cross-Border Trade; Shares Gain 3%
MT
01/18Shopify Plans Partnership With China's JD.com to Solve Cross-Border E-Commerce Challeng..
MT
More news
Analyst Recommendations on JD.COM, INC.
More recommendations
Financials
Sales 2021 950 B 149 B 149 B
Net income 2021 3 102 M 488 M 488 M
Net cash 2021 115 B 18 019 M 18 019 M
P/E ratio 2021 251x
Yield 2021 -
Capitalization 656 B 103 B 103 B
EV / Sales 2021 0,57x
EV / Sales 2022 0,45x
Nbr of Employees 314 906
Free-Float 69,1%
Chart JD.COM, INC.
Duration : Period :
JD.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JD.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Last Close Price 424,57 CNY
Average target price 652,31 CNY
Spread / Average Target 53,6%
EPS Revisions
Managers and Directors
Qiang Dong Liu Chairman & Chief Executive Officer
Lei Xu President
Ran Xu Senior Vice President-Finance
Nan Li Director-Strategy & Operations
Cheng Feng He Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
JD.COM, INC.-4.84%102 950
AMAZON.COM, INC.-16.24%1 408 577
ETSY, INC.-36.27%17 914
WAYFAIR INC.-26.03%14 915
ALLEGRO.EU SA-6.33%9 458
MONOTARO CO., LTD.-10.03%8 103