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 com : Invests in Fook to Bring More Convenience to Consumers

08/12/2020 | 05:18am EDT

by Yuchuan Wang

On August 11th, JD.com officially completed its investment in China's fourth largest convenience store chain, Xiamen Fook Chain Store Management Limited Company (Fook Convenience Store), representing JD.com's first investment in the chain convenience store industry.

Fujian province-based Fook Convenience Store was established in 2006. It currently operates 1,700 convenience store outlets. Thanks to industry-leading warehousing and supply chain abilities, the company has established its own self-built fresh food factories and logistics centers.

Leveraging the investment in Fook, JD will further expand the omnichannel strategy for its supermarket business. Fook will supplement JD.com's online retail business, improve last-mile delivery, and increase user loyalty. The two parties will explore 'e-commerce + convenience store' model initiatives, such as social group buying, O2O, omnichannel fulfillment and more.

JD.com is already the largest retailer of many well-known international FMCG brands including P&G, Unilever, Nestlé, Mars, Wyeth and more. Its business covers 1 million offline stores. The company has partnered with more than half of the country's top 100 chain supermarkets in more than 200 cities.

'JD.com will leverage its strong capabilities in supply chain, data, technology and marketing to promote the branding, chain development and intelligent nature of convenience stores, to better serve consumers and facilitate consumption growth,' said a JD representative.

Since 2019, JD.com has completed a series of investments in market leaders such as 5Star, Gome and D.Phone in the electronics and home appliances industries. Ahead of this year's 618 Grand Promotion, JD also partnered with Kuaishou to provide its supply chain abilities to the leading live streaming platform.

(yuchuan.wang@jd.com)

Disclaimer

JD.com Inc. published this content on 12 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2020 09:17:13 UTC


© Publicnow 2020
All news about JD.COM, INC.
09/15JD COM : Opens First E-space Store in Indonesia
PU
09/15JD COM : to Launch New 40,000 Sq.m. Physical Store “JD MALL”
PU
09/15JD COM : Stifel Nicolaus Adjusts JD.com PT to $100 From $90, Maintains Buy Ratin..
MT
09/15Aeon Mall ties up with China e-commerce operator JD.com in Indonesia
AQ
09/14JD COM : Catering to Partner with Maxim's Caterers in Offering One-Stop Solution..
PU
09/13JD NEWS ROUNDUP VOL. 20 : Bilibili Partnership, China-UK Cargo Flight and More
PU
09/10JD COM : and Dili Group Open Smart Distribution Center for Fresh Produce in Shou..
PU
09/09JD COM : Jingxi Partners with Suqian for Delivering Fresh Produce
PU
09/09JD COM : to Facilitate SMEs for Upcoming Singles Day Grand Promotion
PU
09/08JD COM : Launches China-UK All-Cargo Charter Flight
PU
More news
Analyst Recommendations on JD.COM, INC.
More recommendations
Financials
Sales 2021 958 B 148 B 148 B
Net income 2021 7 089 M 1 097 M 1 097 M
Net cash 2021 120 B 18 528 M 18 528 M
P/E ratio 2021 105x
Yield 2021 -
Capitalization 779 B 121 B 120 B
EV / Sales 2021 0,69x
EV / Sales 2022 0,54x
Nbr of Employees 320 000
Free-Float 69,6%
Chart JD.COM, INC.
Duration : Period :
JD.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JD.COM, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 37
Last Close Price 498,34 CNY
Average target price 616,30 CNY
Spread / Average Target 23,7%
EPS Revisions
Managers and Directors
Qiang Dong Liu Chairman & Chief Executive Officer
Lei Xu President
Ran Xu Chief Financial Officer
Nan Li Director-Strategy & Operations
Cheng Feng He Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
JD.COM, INC.-12.21%119 780
AMAZON.COM, INC.6.72%1 766 586
WAYFAIR INC.23.05%28 871
ETSY, INC.25.99%28 372
ALLEGRO.EU SA-24.14%16 516
MOMO.COM INC.319.62%13 769