77
Fashion Jobs
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
GUESS
Sales Advisor (Greece)
Permanent · ATHENS
By
Reuters
Published
Oct 19, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

China's JD.com unwraps FedEx-style parcel business to bolster sales

By
Reuters
Published
Oct 19, 2018

Chinese e-commerce firm JD.com Inc said on Thursday it would add a FedEx-style parcel delivery service to its e-commerce offerings, a move which could help the firm leverage its network of warehouses and drivers to bolster flagging profits.

Chief executive Richard Liu - Reuters


The shift pits JD.com into greater competition with major rival Alibaba Group Holding Ltd’s Cainiao network, as well as dedicated domestic parcel delivery firms such as ZTO Express and YTO Express Group Co Ltd.

China’s second-largest e-commerce firm said the new service would allow businesses and individuals in Beijing, Shanghai and Guangzhou to send parcels to locations around China, using the firm’s app to schedule a pick-up by one of the company’s staff.

The logistics network - which would be able to deliver most packages the same or next day - has previously only been used to ship packages purchased on JD.com’s e-commerce platform or by third party companies that lease JD.com’s logistics assets.
“This marks the next step in leveraging the nationwide logistics network that JD has built over the past decade,” Zhenhui Wang, CEO of JD Logistics, said in a statement.

The firm - which prides itself on owning its logistics network and warehouses - posted a second-quarter net loss of $334.4 million, far below what analysts had expected amid rising investment costs and slowing sales.

The company’s stock is down almost 43 percent since the start of the year, hit by a wider market sell-off, China’s cooling economic growth and the brief arrest in the United States in August of its chief executive Richard Liu on suspicion of rape.

Liu, who has denied wrongdoing through his lawyers, was released in less than a day without charges and returned to China. U.S. prosecutors are weighing whether to bring charges after police turned over the findings of their investigations, according to the Hennepin County Attorney’s Office.

China’s express delivery market was worth around 976 billion yuan ($140 billion) last year, the State Post Bureau said in January, up 32 percent from 2016. Delivery firms dispatched about 40 billion parcels last year.

JD.com said it “aims to eventually make residential and business deliveries for shippers from anywhere to anywhere within mainland China in the future.”

Tencent Holdings Ltd, Walmart Inc and Alphabet Inc’s Google are investors in JD.com.

© Thomson Reuters 2024 All rights reserved.