JD.com

Not to be confused with JD Sports.

JD.com, Inc. (京东)
Formerly360Buy
Company typePublic
IndustryE-commerce
Artificial intelligence
Robotics
Autonomous car
Founded6 June 1998; 26 years ago (1998-06-06)
FounderLiu Qiangdong
HeadquartersBeijing, China
Area served
Brazil, Cambodia, Chile, China, Denmark, Ecuador, Finland, Indonesia, Laos, Norway, Peru, Sweden, Switzerland, The Netherlands
ServicesOnline shopping
RevenueIncrease US$152.8 billion, 2023[1]
Decrease CN¥4.141 billion (US$649,805 million, 2021)[2]
Decrease -CN¥4.467 billion (-US$701.015 million, 2021)[2]
Total assetsIncrease CN¥496.507 billion (US$77.913 billion, 2021)[2]
Total equityIncrease CN¥245.572 billion (US$38.536 billion, 2021)[2]
OwnerLiu Qiangdong (15.8%)[3]
Tencent (2.3%)
Number of employees
310,000 (Dec 2020)[2]
Websitecorporate.jd.com

JD.com, Inc., also known as Jingdong (Chinese: 京东; pinyin: Jīngdōng), formerly called 360buy,[4] is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, and is a major competitor to Alibaba-run Tmall.[5] With revenues more than US152.8 billion in 2023, JD.com is China’s largest retailer by revenue, and ranks 52 on Fortune Global 500. JD.com’s portfolio spans across retail, technology, logistics, health care, industrials, property management, private label, insurance, and international business.[1][6]

The company was founded by Liu Qiangdong on 18 June 1998, and its retail platform went online in 2004. It started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, and similar items. The company changed its domain name to 360buy.com in June 2007 and then to JD.com in 2013. The latter purchase is understood to have cost $5,000,000.[7] At the same time, JD.com announced its new logo and mascot. It is partly owned by Tencent, which has a 15% stake in the company.[8]

JD.com has invested in high tech and AI delivery through drones,[9] autonomous technology and robots, and possesses the largest drone delivery system, infrastructure and capability in the world. It has recently started testing robotic delivery services and building drone delivery airports, as well as operating driverless delivery by unveiling its first autonomous truck.[10][11][12][13][14][15][16][17]

  1. ^ a b "JD.com". Fortune. Retrieved 27 June 2024.
  2. ^ a b c d e JD.com Announces Fourth Quarter and Full Year 2021 Results Archived 11 March 2022 at the Wayback Machine // JD.com
  3. ^ Flannery, Russell. "China Billionaire's 24-Year-Old Wife Boosts JD.com's Fashion Growth".
  4. ^ China's B2C E-commerce Giant 360buy Rebrands Archived 15 December 2017 at the Wayback Machine, Retrieved 3 December 2013
  5. ^ "Selling on JD.com in China". Sampi. 14 October 2015. Archived from the original on 6 May 2016. Retrieved 20 March 2016.
  6. ^ "FORM 20-F". U.S. Securities and Exchange Commission. Retrieved 27 June 2024.
  7. ^ "JD.com: Was it Acquired for $5 Million USD? - DomainInvesting.com". 17 February 2014. Archived from the original on 27 March 2023. Retrieved 19 June 2018.
  8. ^ "Here's The Latest Sign That China's E-Commerce Market Is White Hot". Business Insider. Archived from the original on 31 May 2022. Retrieved 6 June 2018.
  9. ^ Schiefelbein, Luke (25 July 2018). "Is JD.com The Future Of Chinese E-Commerce?". Forbes. Archived from the original on 7 April 2022. Retrieved 22 April 2019.
  10. ^ Lee, Cyrus. "Chinese ecommerce giant JD eyes driverless deliveries". ZDNet. Archived from the original on 20 October 2022. Retrieved 4 October 2017.
  11. ^ "In China, an e-commerce giant builds the world's biggest delivery drone". Popular Science. Archived from the original on 30 March 2023. Retrieved 19 June 2017.
  12. ^ Glaser, April (27 January 2017). "One of China's largest online retailers is adding dozens of drone delivery routes to rural villages in 2017". Recode. Archived from the original on 13 April 2019. Retrieved 19 June 2017.
  13. ^ "JD.com testing drones that can lift one ton loads". Woodworking Network. 25 May 2017. Archived from the original on 20 October 2022. Retrieved 19 June 2017.
  14. ^ Huang, Echo. "In China, a robot has started delivering packages to people". Quartz. Archived from the original on 28 March 2023. Retrieved 19 June 2017.
  15. ^ "JD.Com Launches Robot Delivery Services In Chinese Universities". China Money Network. 19 June 2017. Archived from the original on 22 October 2022. Retrieved 19 June 2017.
  16. ^ Handley, Lucy (11 April 2017). "This Chinese retailer is building 150 drone delivery launch centers". Archived from the original on 20 October 2022. Retrieved 9 September 2017.
  17. ^ "SF Express obtains first airspace approval for delivery drones in China". gbtimes.com. Archived from the original on 6 January 2019. Retrieved 30 June 2017.