JD.com Inc., a giant Chinese electronic commerce company, launched its warehouse and logistics enterprise, ahead of the biggest online shopping event China that produced $1.6 billion sales for the firm the previous year.
JD.com, is headquartered in Beijing, and is one of the biggest B2C Chinese, online retailers by transaction volume. It was founded by Richard Liu in July of 1998. The company’s English website designed for worldwide shipping was instigated on October 2012, while its B2C platform became available online in 2004.
The enterprise is part of the company’s $1 billion ambition n expanding its storage and processing centers in China, wherein the company presently operates seven fulfillment facilities and 97 warehouses within 39 cities.
A warehouse in Shanghai begun its operations, which also a part of the same initiative, according to the firm’s statement. Thus, the Shanghai facility will be capable of sorting 16,000 packages per hour.
Additionally, the Shanghai warehouse will significantly in processing orders for the Single’s Day shopping celebration that will last the whole month of November. The same facility is expected to generate a huge rise in the online shopping since many people will buy gifts for their single friends.
JD.com’s new warehouse is considered as highly-automated, efficient, and cutting-edge facility that has the capability in providing same-day or next-day delivery through the company’s last-mile delivery network, despite peak periods, according to Richard Liu, company chief executive officer.
In May, JD.com raised 1.78 billion dollars on the NASDAQ. The company also indicated through its IPO document that JD.com would spend 1 to 1.2 billion dollars for the next 3 years to expand infrastructure fulfillment.
On Friday, the company’s share price closed at $25.07. JD.com’s stock has gained about 20% since its listing.