JD.com's Food Delivery Business Nears 20M Daily Orders, Integrated with Retail Ecosystem
Earnings Call
May 13
1. JD.com's food delivery business is rapidly growing, approaching 20 million daily orders. 2. The company sees food delivery as integrated into JD's retail ecosystem, not a standalone business. 3. JD aims to address unmet demands in food safety, reasonable commissions for merchants, and better protection for delivery riders. 4. JD plans to leverage its brand image, "35 cents principle" for reasonable profits, and logistics capabilities to compete in the food delivery market. 5. The company is focusing on improving user and merchant experience, business scale, and investment ROI for food delivery in the short term. 6. Long-term goals include strengthening synergies across JD's ecosystem and enhancing operational capabilities. Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.
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