Walmart and JD.com Launch New Offerings to Expand Choices for China’s Online Consumers
October 19 2016 - 10:00PM
Three months after entering into a strategic alliance to expand the
breadth and convenience of online shopping options for Chinese
consumers, Walmart (NYSE:WMT), the world’s largest retailer, and
JD.com (Nasdaq:JD), China's largest e-commerce company by revenue,
today announced a series of exciting new ways for customers to
access high-quality products from around the world.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/23a477df-8273-463c-a386-ed6a6c9e1cbb
http://www.globenewswire.com/NewsRoom/AttachmentNg/cbed24f9-9ddb-47f4-9f90-679ce17e0232
http://www.globenewswire.com/NewsRoom/AttachmentNg/7e536ff7-18ed-458e-958f-f3f2dd473af2
The efforts, which are part of the original strategic alliance
announced in June, are officially launching during the run up to
Singles Day on November 11. They will improve logistics and supply
chain functions, cross-border e-commerce and online-to-offline
(O2O) e-commerce services for consumers across the country.
As part of the growing alliance, Walmart and JD.com are
launching three new joint initiatives:
- Exclusive Sam’s Club Flagship Store on JD.com:
An exclusive Sam’s Club flagship store will officially launch
tomorrow and provide hundreds of millions of consumers access to
Sam’s Club’s premium, quality products with JD.com’s same- and
next- day delivery service. Walmart will leverage JD.com’s
nationwide logistics network and stock Sam’s Club merchandise in
JD’s warehouses, which will enable Walmart to reach a vast untapped
market, complementing its commitment to open 20 more Sam’s Clubs
locations by 2019. As part of a campaign to bring world-famous
Sam’s Club products to new consumers, all JD.com users will be able
to buy Sam’s Club products at membership prices during a 10-day
introduction period following the official launch.
- Walmart Global Imports Store on JD.com: In
addition, the companies launched a Walmart Global store on JD
Worldwide, JD.com’s cross-border platform. The new store provides
Chinese consumers access to a wide variety of high-quality products
imported by Walmart from around the world. Walmart plans to
continue expanding and adding new categories of products as it
connects more items from its assortment in other markets to China,
which JD’s last-mile logistics network will deliver to customers
through its speedy home delivery service.
- Two-Hour Delivery from Walmart Stores
in Select Cities: A two-hour delivery service for
customers ordering on JD Daojia, the grocery and fresh goods
business of the New Dada joint venture with JD.com, also launched
today. The service will provide two-hour delivery from more than 20
Walmart stores. The number of stores is expected to double by the
end of the year. This exclusive cooperation follows the merger of
Dada and JD Daojia, JD.com’s O2O business unit founded in June
2015. The two merged in April 2016, forming an independent joint
venture, “New Dada,” which is China’s largest crowdsourced
logistics platform.
“Walmart and JD.com share a vision of providing consumers the
best products, quality and service, at highly competitive prices,”
said JD.com CEO Richard Liu. “The three areas of cooperation that
we are launching exemplify the rapid pace with which our strategic
alliance with Walmart is progressing. Combining the strengths of
Walmart, as the world’s largest retailer, and JD’s unparalleled
same-day delivery network and reputation for authentic products is
a potent force for providing Chinese consumers the best shopping
experience.”
Walmart CEO Doug McMillon added, “Today's news is the
culmination of months of hard work and collaboration with the JD
team. Our new services will leverage our combined strengths to give
Chinese consumers access to quality products from around the
world.”
The series of initiatives will greatly expand the number of
products available to Chinese consumers, as well as the number of
consumers who have access to some of the products already in the
Chinese market. Walmart and JD will continue to explore additional
areas of collaboration to provide superior products at fair prices
to hundreds of millions of Chinese consumers, with same- and
next-day delivery speeds.
About JD.com, Inc.
JD.com, Inc. is China’s leading online direct sales company and
the country’s largest Internet company by revenue. The company
strives to offer consumers the best online shopping experience.
Through its content-rich and user-friendly website jd.com and
mobile applications, JD.com offers a wide selection of authentic
products at competitive prices and delivers products in a speedy
and reliable manner. The company believes it has the largest
fulfillment infrastructure of any e-commerce company in China. As
of June 30, 2016, JD.com operated 7 fulfillment centers and 234
warehouses, and in total of 6,756 delivery stations and pickup
stations in 2,639 counties and districts across China, staffed by
its own employees. JD.com is a member of the NASDAQ100 and a
Fortune Global 500 company.
About Walmart
Walmart Stores, Inc. (NYSE:WMT) helps people around the world
save money and live better – anytime and anywhere – in retail
stores, online, and through their mobile devices. Each week, nearly
260 million customers and members visit our 11,539 stores under 63
banners in 28 countries and e-commerce websites in 11 countries.
With fiscal year 2016 revenue of $482 billion, Walmart employs more
than 2.3 million associates worldwide. Walmart continues to be a
leader in sustainability, corporate philanthropy and employment
opportunity. Additional information about Walmart can be found by
visiting http://corporate.walmart.com on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart. Online merchandise sales are available
at http://www.walmart.com and http://www.samsclub.com.
Contacts:
Media
Josh Gartner, JD.com +86 (10) 8911-6155 (China) +1 (718)
928-4345 (US) Press@JD.com
Jo Warner, Walmart International +1(479) 802 9588
(US)Jo.warner@walmart.com
Investor Relations
Ruiyu Li, JD.com +86 (10) 8912-6805 IR@JD.com
Steve Schmitt, Walmart +1-479-258-7172
Steve.schmitt@walmart.com
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The photo is also available via AP PhotoExpress.
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