JD ranks behind only Alibaba Group when it comes to e-commerce in China and has started pushing into physical stores in the country, although its incursions overseas have mostly been limited to Thailand, Indonesia and Vietnam.
Source: www.scmp.com
JD.com plans to expand into the European and US markets by riding on the coattails of tech gaint Google and retail giant Walmart. The strategic expansion plans drawn by JD are to use Google and Walmart for strengthening the retail space globally and in its home country China. Recently, Google bought a $550 million stake in JD and JD bought the online operations of Walmart in China. Another deal surfaced in which Walmart co-led a $500 million fundraising in August for JD affiliate Dada-JD Daojia, which connects fleets of motorbike delivery staff with merchants in hundreds of Chinese towns and cities. Even though JD is facing pressures in terms of rising costs and increased competition, international expansions will bear fruit in the longer term. JD has lost ~26% market capitalization since January 2018.
