JDL is the delivery arm of JD.com, China’s second-largest e-commerce company after Alibaba. Starting out as the in-house unit, it began selling its services to third parties in 2017 in a bid to profit from the wider revolution in e-commerce. It now controls 800 warehouses around China and employs over 240,000 staff.
JDL’s parent put out a statement to the Hong Kong stock exchange in February 2021 indicating that plans to list the delivery unit this year are well advanced. The proceeds of the IPO will be ploughed into improving JDL’s international network, increasing automation across its existing warehousing and bolstering key initiatives like cold-chain distribution of fresh food and pharmaceuticals, the company said.
Here’s a report on how JDL widened its horizons to new customers in 2018.
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.