JD.com to establish its parcel stations in food retail chain Pyaterochka - Information portal

JD.com to establish its parcel stations in food retail chain Pyaterochka

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03.07.2018 Количество просмотров 407 views
JD.jpgJD.com, one of the largest e-commerce companies in the world, can come back to the Russian market.

A delegation of JD.com top managers visited Russia in late June to hold a series of meetings and negotiations with potential partners, Kommersant reported citing a person familiar with the matter. The source also says the Chinese company can return to the Russian market. JD.com was looking for a person for the country manager for Russia, but finally decided to go with a Chinese candidate.

Another source in the e-commerce market confirms the Chinese Internet retailer’s plans to come back to Russia. This fact is also known to Alexey Fedorov, Managing Partner at “220 Volt”. “Their envoys are now scrutinizing the Russian market. Meanwhile, the Chinese have not considered it in the past two years because of sanctions. But now the situation has stabilized, Russian and Chinese partners have learned how to work with the Yuan,”explained A. Fedorov.  JD.com does not comment on the situation.

JD.com is China's largest online store, with its infrastructure consisting of fullfillment centers in seven cities and 486 warehouses of the total floor space exceeding 10m sq.m. The retailer focuses on electronics and household appliances, but also sells other product categories, including clothes and household goods. The company's revenue reached $55.7bn in 2017, with the NASDAQ capitalization estimated at $55.6bn as of June 29.

JD.com announced its entry into the Russian market in June 2015. At that time their partners were SPSR-Express, Yulmart, Yandex.Money and Qiwi. The retailer offered over 130,000 product categories and about 40 million products. However, soon after their pompous advent the company encountered difficulties and actually shut up shop in Russia half a year later. Their key problem was JD.com’s failure to take advantage of their basic strengths they had in China – namely, strong logistics and direct relationships with manufacturers.

Source:  kommersant.ru


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