There has been a lot of improvement and activities in JD for the past weeks, according to JD.com news. After doing the second report on all 2020 earnings, the company celebrated its eighth anniversary. They also did the new Family Doctor program to create a new path to developing to take the company even further.
Looking at the new earnings, the improvement is very significant. The company’s net revenue increased to a whooping RMB 201.1 Billion. Calculated in US dollars, the income is US$ 28.5 billion. The new earnings is an increase of about 33.8% YOY. More significant revenues in the JD include:
RMB 6RMB 64.0 or US$9.1 billion for the General merchandise revenue by JD.com news. It was a remarkable increase of about 45.4% YOY. The percentage marks the highest growth over the past nine quarters. It is accredited to the major classes such as supermarket shopping centers and healthcare.
In 12 months, JD recorded an annual active customer growth of around 417.4 million. It marks an increase of about 29.9% YOY. The increase is the highest growth rate over the last 11 quarters in the business.
The Summary of Total Earnings
There has been a lot of new records in the last earnings review. About 80% of the earning calls come directly from the Q2, making the lower-tier cities the highest ever made. Most of these new users resulted in a high amount of earnings made during this fantastic period.
The development can also be accredited to its new sustained improvement to customers to create straightforward user engagement procedures. The most engaging users who helped reach higher heights with the revenue collection came from the lower-tier city users. Therefore, the lower-tier city users are paying to significantly enhance the commitment and willingness to invest more and efficiently.
The long run of activities is not smooth. It has taken some years for JD to start earning more with the lower-tier cities. The program began with creating logistics some years back, and the dedication and commitment finally paid off to make the perfect new high earnings in the company.
From the logistics investments, JD also used the reputable commercial e-commerce platform known as the Jingxi. They also used the new light version JD app to create a seamless and easy way for their lower-tier cities to get their products with no compromise or hassle. Their clients are also able to get a recommendation for the most appropriate products. JD doesn’t stop from these and seeks to get more products by partnering with top and numerous industrial belts in China.
Currently, JD is looking to cement its position as the most popular and highly sort grocery store in China. It is highly evident from the earnings report that it is the first choice for most Chinese. They continue to be the single most bets in fresh produce for all the supermarkets in the region. Their new earnings surpass major companies and dealings such as home appliances, mobile phones, and computers.
The major success is rallied behind with utmost trust from the clients and partners who can see the company move further. It is best to note that without such support and faith from clients, its highly competitive nature and the significant increase in earnings are not possible.
JD founder Richard Liu continues to become the best online retailer with his establishment. It is currently the largest e-commerce retail business in revenue and continues to soar high. The company is now seeking to get into other fields, such as creating JD health to help scale up the volume of online medical consultations up to 400% according to JD.com news.