The company beat expectations across the board, helped by healthy retail sales and booming growth in shipping and logistics services. Sales of electronics and home appliances remained the bread and butter of JD's operations, accounting for 56% of total sales in the third quarter. The shipping infrastructures in smaller towns like Weihai and Luzhou can't hold a candle to the efficiencies found in Beijing and Shanghai, which leaves lots of room for an infrastructure expert like JD to bring efficiency improvements and reap top-line growth in these markets. That's quick progress from a year ago when the logistics network had just opened up services to the public in a handful of Tier 1 cities. What's next for JD?
1 other references
Latest Stories From Referenced Companies
Jan 28, 2020
Jan 27, 2020