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Skip to nav Skip to content. Explore Knowledge Center. Contact Marc. Primary Contacts Marc Fogarty. Podcast Travel Reimagined—for the Greater Good. In addition, the Company has granted the international underwriters an over-allotment option, exercisable from June 11, until 30 days thereafter, to require the Company to issue up to an additional 19,, new Class A ordinary shares at the Offer Price.
The Company plans to use the net proceeds from the Global Offering to invest in key supply chain based technology initiatives to further enhance customer experience while improving operating efficiency. The International Offering is being made only by means of a prospectus supplement and the accompanying prospectus included in an automatic shelf registration statement on Form F-3 filed with the U.
When available, copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from BofA Securities , NC, North College Street , 3rd floor, Charlotte NC , Attention: Prospectus Department, or E-mail: dg. This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
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The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance Chapter of the laws of Hong Kong have been contained in the prospectus of the Company dated June 8, The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.
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The technologies Liu envisaged last week are artificial intelligence and robotics. He hoped the two technologies would fully upgrade the competitive edges the group has built in the past 12 years. In another occasion, Liu spelled out more precisely his idea. He hoped JD to use artificial intelligence and robotics to turn commerce, finance and insurance - the three commercial behaviors existing in the human society for thousands of years - to be completely unmanned in order to make the services more personalized and further upgrade the efficiencies of existing channels.
According to Liu, JD developed internet retail business in the past 12 years by innovating new business models and organizational efficiency. Liu said: "Eventually we will develop into a world leading, truly intelligent business body. At the same time, JD would open its supply chain, big data and logistics advantages fully to the community with a goal to further upgrade the e-commerce industry and improve the efficiency of the whole society, added Liu.
That means JD wants to become the infrastructure and technology services provider for China's commerce and retail sectors. Among the logistics technologies JD is developing, only drones are mature. JD has been authorized by China's Air Force to use drones delivering Single's Day parcels to remote areas in four regions. See my previous article. The other projects under the X-Business Division - automatic logistics centers, unmanned warehouses and unmanned vehicles - are still in development stage.
The Division Head Xiao Jun recently told news website Lanjing TMT that JD hopes to solve the problems of complicated warehouse procedures and labor shortage by introducing unmanned warehouse. Named by Xiao as the "third-generation logistics center", the new warehouse technology is more complicated than those of drones and unmanned vehicles as it has to solve the problems of robot sorting, packaging and other efficient storage methods.
Unlike Amazon AMZN who is building smart warehouse through acquisition, JD developed its own unmanned warehouses by designing customized solutions. JD said it has mastered the artificial intelligence and the core techniques of intelligent logistic equipments. Having made more than patent applications, JD claimed its future unmanned warehouses are 10 times more efficient than traditional ones - each robot can pick up to 3, pieces per hour, equivalent to five to six traditional workers.
However, JD's unmanned warehouse is still in laboratory stage. It launched a pilot project recently to handle the massive Single's Day parcels this year. The construction of a 30, square meter full-scale unmanned warehouse will start after the Chinese New Year early next year. The works would be completed late or early For JD, unmanned vehicles, just like drones, are other tools for "last mile delivery". However, the technology lags further behind the drones. According to Xiao, the unmanned vehicles started their first road test near the JD headquarters in Beijing last week.
They carried Single's Day parcels from a JD distribution station to surrounding office buildings to test user acceptance and complete technical verification. Xiao admitted the major technical problem is city positioning. By reviewing JD CEO Richard Liu's vision on the company, two terms come to my mind - "unmanned technologies" and "infrastructure and technology provider". He also attached special importance to insurance as he mentioned it and other financial services in the same breath.
This time frame is reasonable as JD now explores spinning off the unit. The actual spin-off might take place in the first half JD Finance then has to wait for some accomplishments, such as launching an unmanned financial product and receive favorable market reactions, before announcing the IPO.
It uses robotics to develop unmanned logistic system. Most technologies it develops are still in testing stage. Take the unmanned warehouse - the most important job of the division - as an example. It is still in the laboratory stage. A full-scale unmanned warehouse will start construction early next year and expected to be completed in late or early Then it has to take at least one year to show it really improves logistic efficiency.
The division has also to show its drones really improve delivery efficiency and hence JD's profit margin. It also takes time to make unmanned trucks working on city streets before preparing an IPO. Hence, it is quite reasonable that the division will become a listed a public company in five years. For example,. The rating on JD neutral plus. JD is the largest online direct sales company in China in terms of transaction volume in , with a market share in China of Through its content-rich and user-friendly website www.
JD also offers convenient online and in-person payment options and comprehensive customer services. In order to have better control over fulfillment and to ensure customer satisfaction, JD has built its own nationwide fulfillment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales and its online marketplace businesses.
JD has established strong relationships with its suppliers as it develops its online direct sales business. Leveraging its strengths, JD launched its online marketplace business in , which has allowed JD to significantly expand its selection of products and services.
The number of products JD offers through its online direct sales and marketplace has grown from 1. Electronics products and home appliances accounted for JD fosters an interactive user community that discusses, rates and reviews its products and services. JD believesit has the largest online product review database of any online direct sales company in China with million product reviews generated by its customers to date.
JD had JD had 1, trademark applications inside China and outside China. As of March 31, , JD had 14 patents granted in China, patent applications pending in China and 10 patent applications pending outside China. As of March 31, , JD had registered 1, domain names. JD also faces competition from online retail companies in China focused on specific product categories and from physical retail stores, including big-box stores like RT-Mart that also aim to offer a one-stop shopping experience.
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We are the largest online direct sales company in China in terms of transaction volume in , with a market share in China of %, according to. bulv.shelu.xyz is China's second-largest e-commerce company after Alibaba in terms of gross merchandise volume, offering a wide selection of authentic products at. bulv.shelu.xyz raised 12% more proceeds than expected and, at its offer price, now commands a fully diluted market cap of $ billion and an.