Chinese e-commerce firm JD.com announced on October 18 that it is launching a parcel delivery business that opens up its logistics network to consumers. The new parcel delivery service will help the firm leverage its network of warehouses and drivers to bolster declining profits.
The move also signals JD.com’s increased involvement in its competition with major rival Alibaba’s Cainiao network, as well as dedicated domestic parcel delivery firms such as ZTO Express and YTO Express Group Co Ltd.
JD.com, China’s second-largest e-commerce firm that operates its own nationwide in-house logistics network, is now looking to squeeze more from its extensive warehousing assets to boost growth.
Source: Reuters
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