JD.com
JD.com, Inc., also known as Jingdong (Chinese: 京东; pinyin: Jīngdōng), formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major competitor to Alibaba-run Tmall. When classified as a tech company, it is the largest in China by revenue, and 7th in the world in 2021.
Corporate headquarters in Beijing | |
| Company type | Public |
|---|---|
Traded as | |
| Industry | E-commerce Artificial intelligence Robotics Autonomous car |
| Founded | 6 June 1998 |
| Founder | Liu Qiangdong |
| Headquarters | Beijing, China |
Area served | Brazil, Cambodia, Chile, China, Denmark, Ecuador, Finland, Indonesia, Laos, Norway, Peru, Sweden, Switzerland, The Netherlands |
| Services | Online shopping |
| Revenue | CN¥951.592 billion (US$149.325 billion, 2021) |
| CN¥4.141 billion (US$649,805 million, 2021) | |
Net income | -CN¥4.467 billion (-US$701.015 million, 2021) |
| Total assets | CN¥496.507 billion (US$77.913 billion, 2021) |
| Total equity | CN¥245.572 billion (US$38.536 billion, 2021) |
| Owner | Liu Qiangdong (15.8%) Walmart (10.1%) Tencent (2.3%) |
Number of employees | 310,000 (Dec 2020) |
| Website | corporate |
The company was founded by Liu Qiangdong on 18 June 1998, and its retail platform went online in 2004. It started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, and similar items. The company changed its domain name to 360buy.com in June 2007 and then to JD.com in 2013. The latter purchase is understood to have cost $5,000,000. At the same time, JD.com announced its new logo and mascot. It is partly owned by Tencent, which has a 15% stake in the company.
JD.com has invested in high tech and AI delivery through drones, autonomous technology and robots, and possesses the largest drone delivery system, infrastructure and capability in the world. It has recently started testing robotic delivery services and building drone delivery airports, as well as operating driverless delivery by unveiling its first autonomous truck.