JD.COM, INC.

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JD com : Brings Smart Logistics Park to Xinjiang

09/30/2021 | 06:12am EDT

by Yuchuan Wang

JD Logistics launched a smart logistics park, JD Urumqi Asia No.1, in Urumqi, Xinjiang on Sep. 29. With an area of nearly 100,000 square meters, it is the autonomous region's first and largest smart logistics park. The park is estimated to process as many as 1.2 million items daily. This is the 39th smart logistics park run by JD nationwide.

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Adopting automation and robotics, the logistics park will enable 80% of JD's orders in Urumqi to be fulfilled within 24 hours, and overall orders in Xinjiang to be fulfilled within two days. That is a huge improvement for local consumers, who used to waiting up to a week for online orders to arrive. The logistics park stocks products including food, electronics, home appliances, apparel and more.

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Urumqi Asia No.1 is powered by the most advanced smart sorting system technology in China, in which a single sorting line can sort thousands of parcels in an hour with an accuracy rate of nearly 100%. "By using 'ant colony optimization' algorithm, the system will run like ants moving food, and there won't be any collisions," said, Chao Su, head of the logistics park.

In addition, the logistics park applies AS/RS (automated storage and retrieval system), shuttle system, automated ground vehicles, sorting robots and more, enabling the full intelligent process from goods receiving, stocking, packaging to sorting.

The second phase of the Urumqi Asia No.1 is currently under construction. Aiming to be put into operation in 2023, it will be equipped with 5G, IoT, AI and big data technologies.

As of now, JD Logistics operates a network of over 1200 warehouses and among which, 39 are mega Asia No.1 logistics parks.

(yuchuan.wang@jd.com)

Disclaimer

JD.com Inc. published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 10:11:10 UTC.


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Sales 2022 1 083 B 162 B 162 B
Net income 2022 5 713 M 853 M 853 M
Net cash 2022 101 B 15 130 M 15 130 M
P/E ratio 2022 130x
Yield 2022 0,14%
Capitalization 657 B 98 119 M 98 119 M
EV / Sales 2022 0,51x
EV / Sales 2023 0,40x
Nbr of Employees 390 000
Free-Float 80,0%
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Ran Xu Senior Vice President-Finance
Qiang Dong Liu Chairman
Nan Li Director-Strategy & Operations
Cheng Feng He Chief Compliance Officer
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