China’s JD.com to launch its logistics network in Russia
25.09.2015 378 views
The major Chinese retailer plans to start a launch of its own logistics system before the end of 2015.
According to Victor Xu, leasing and, in prospect, building of warehouses as to establish a logistics hub network in Russia will start as soon as JD.com reach “a desired volume”. He also stressed that the company was thinking about the construction of logistics parks in the Russian Far East.
JD.com, the second-largest online store in China, was established in 1998. The retailer raised $1.78 billion in its initial public offering (IPO) in May 2014.
In China, the company has about 3,000 delivery stations, while its annual sales volume reaches 60 billion dollars. After the JD website was localized in Russian in the summer of 2015, Post of Russia and SPRS Express started deliveries of goods from China to Russian customers.
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