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

JD Logistics: Technology and New Trend of Unmanned Vehicle Deliveries

12/03/2021 | 10:12am EST

by Siyi Zhao

JD Logistics' Qiang Wang, Head of Intelligent Supply Chain Platfrom, participated in the 2021 CNBC East Tech West on Dec. 1 in Guangzhou, discussing digitalization has become a novel engine to ignite the optimization of supply chain so as to reduce logistics costs and improve service efficiency and user experience.

At the panel about the acceleration of digitalization, Wang shared his perspective with two peers, WeChat Pay's Maofeng Lei and Dada Group's Jun Yang. Wang stated, "digitalization is the backbone under the unprecedented changes of the century alongside the best solution to balance the contradiction among user experience, efficiency and cost. For example, with its accumulated experience in supply chain and logistics infrastructure, especially in the fields of operation automation, operation digitization and decision intelligence, JD Logistics' continuous exploration has manifested and accelerated the digitalization process of the whole industry."

East Tech West, an annual global technology conference hosted by CNBC, brings together those at the cutting edge of the technology industry and leading investors from across the world to navigate the industry's development through tech innovation towards a post-pandemic future.

When asked about the impact of digitalization on China's economic development, Wang contended that digitalization is the momentum when seeking for things beyond people's experience and recognition, " consumption used to be decided by big-scale and rough production, while in our era, production is driven by small-scale and exquisite consumption. This kind of model requires digitalization."

Mr. Qiang Wang (second to the right) spoke on the panel discussion

Since its comprehensive transformation into technology in early 2017, JD has invested nearly RMB 75 billion yuan in R&D of technology. JD Logistics has invested heavily in research and development over the years, in which it independently developed a variety of logistics automations, such as shuttle system, AGVs (automated ground vehicles), and other autonomous delivery vehicles, significantly improving the efficiency in warehousing, transportation, sorting and distribution. Besides, with the digitalization in warehousing, transportation and order management systems, JD realizes intelligent decision-making in areas such as sales forecasting, commodity distribution planning and supply chain network optimization through algorithms.

JD Logistics is the first company in China to apply self-driving to the actual scenarios of delivery. During Singles Day Grand Promotion, JD Logistics deployed nearly 400 autonomous delivery vehicles in more than 25 cities across the country, which tripled the delivery orders by unmanned vehicles from last year, and played an irreplaceable role in the process of contactless deliveries.

(zhaosiyi5@jd.com)

Disclaimer

JD.com Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 15:11:09 UTC.


ę Publicnow 2021
All news about JD.COM, INC.
01/14JD COM : CeraVe Doubled its Sales on JD.com in 2021 YOY
PU
01/14JD COM : Among the First to Enable Third-party Merchants to Access E-CNY
PU
01/14JD COM : Explore Academy's Vega v1 Sets New World Record for GLUE Benchmark
PU
01/12US Fund Manager Ark Investment Offloads $60 Million JD.com Shares
MT
01/12JD.com Targets 300 Offline Smart Home Stores in China in 2022
MT
01/12Nomura Adjusts JD.com's Price Target to HK$348 From HK$456, Keeps at Buy
MT
01/11JD.com Shares Rally as Atlantic Equities Starts Coverage at Overweight
MT
01/11Asian ADRs Move Sharply Higher in Tuesday Trading
MT
01/11Atlantic Equities Starts JD.com at Overweight With $100 Price Target
MT
01/11JD.com Opens Robotic Shops in the Netherlands
MT
More news
Analyst Recommendations on JD.COM, INC.
More recommendations
Financials
Sales 2021 950 B 150 B 150 B
Net income 2021 3 289 M 518 M 518 M
Net cash 2021 113 B 17 762 M 17 762 M
P/E ratio 2021 282x
Yield 2021 -
Capitalization 723 B 114 B 114 B
EV / Sales 2021 0,64x
EV / Sales 2022 0,51x
Nbr of Employees 314 906
Free-Float 73,2%
Chart JD.COM, INC.
Duration : Period :
JD.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JD.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Last Close Price 468,30 CNY
Average target price 658,65 CNY
Spread / Average Target 40,6%
EPS Revisions
Managers and Directors
Qiang Dong Liu Chairman & Chief Executive Officer
Lei Xu President
Ran Xu Chief Financial Officer
Nan Li Director-Strategy & Operations
Cheng Feng He Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
JD.COM, INC.5.21%113 819
AMAZON.COM, INC.-2.75%1 644 558
ETSY, INC.-25.23%20 754
WAYFAIR INC.-9.74%17 925
ALLEGRO.EU SA11.26%11 133
MOMO.COM INC.-0.62%10 649