JD.com Profits on the Rise — RetailDive.com

Walmart’s Chinese e-commerce partner is experiencing strong growth:

“JD is holding its own in China and announced that it is expanding its tie-up with Walmart and other outside retailers there and renewing its partnership with Chinese tech giant Tencent. During the first quarter, JD also expanded its fulfillment capacity: As of March 31, the company operated more than 550 warehouses, ‘covering an aggregate gross floor area of over 12 million square meters in China,’ the company said.”

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