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Second largest e-commerce services company

China's JD.com announces cold chain investments

JD.com, China’s second-largest business-to-consumer e-commerce services company, aims to focus on investment in high-growth business areas this year and improve its profitability after posting mixed results for last year.

Beijing-based JD.com reported a 58 per cent increase in total revenue last year to 181.28 billion yuan (HK$215.04 billion), up from 115 billion yuan in 2014, primarily due to increases in active customer accounts and the number of fulfilled orders.

Its total fulfilled orders last year jumped 94 per cent to 1.26 billion, compared with 651.9 million in 2014.

JD.com has the ambition to build a nationwide cold chain network which would cater for its online-to-offline partnerships with supermarkets and convenience stores. This strategy included the company's earlier investment in Fruit Day, one of China's largest fresh fruit retailers.