JD Logistics (JDL), also known as JINGDONG Logistics ( pinyin: Jīngdōng) is a Chinese

supply chain management In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished produc ...

and

logistics Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the Consumption (economics), point of consumption according to the ...

company. It is a subsidiary of

JD.com JD.com, Inc., also known as JINGDONG (), formerly called 360buy,
, Retrieved 3 December 2013

Background

The company was initially established as an internal department of JD.com and its subsidiaries in 2007. On 23 November 2016, the department became a stand-alone business with the name JD Logistics and began to conduct businesses for external customers, This was done as JD.com wanted to expand outside China and would need to expand its infrastructure. In October 2017, JDL launched its first fully automated B2C warehouse in Shanghai. It was expected to handle over 200,000 orders per day. In May 2021, JDL held its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

and became a publicly listed company on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. It raised US$ 3.2 billion and was the second largest listing in Hong Kong that year. In March 2022, JDL acquired a majority stake in domestic courier company Deppon Logistics for 9 billion yuan (US$1.42 billion). This was done to expand its logistics capability amid the e-commerce boom that resulted from the COVID-19 lockdown in China. As of September 30, 2023, JDL operated over 1,600 warehouses. Including warehouse space managed through the Open Warehouse Platform, JD Logistics ' warehouse network had an aggregate gross floor area of over 32 million square meters.

References

{{Hang Seng China Enterprises Index JD.com Chinese companies established in 2007 Logistics companies of China