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When Will JD Logistics Deliver Profit? The delivery arm of Alibaba rival JD.com started trading in Hong Kong Friday. It s a sensible play on Chinese e-commerce, but when will it stem its red ink?
Hong Kong investors today have a dependable way of playing the Chinese e-commerce boom, with the initial public offering of JD Logistics (HK:2618), the distribution and delivery arm of e-commerce marketplace JD.com (JD) .
JD.com has charted a different path to its chief rival, Alibaba Group Holding (BABA) . JD started building out its logistics distribution in 2007, whereas Alibaba has generally relied on an asset-light approach and third-party couriers. Having its own delivery network stood JD.com very well during the pandemic, when e-commerce seized up under lockdown. JD.com mobilized its own network to keep deliveries flowing.
US to allow drones to fly over people, at night By AI HEPING in New York | China Daily Global | Updated: 2020-12-30 13:35 A drone descends to deliver a COVID-19 self collection test kit to a home, after being ordered from Walmart by a resident, amid a Covid-19 surge in El Paso on Nov 20, 2020 in El Paso, Texas. [Photo/Agencies]
A boom in online purchases in the US this year meant that at the height of the holiday shipping season an estimated 3.5 million packages a day picked up by FedEx, UPS, Amazon, the US Postal Service and other shippers didn t reach their destinations on time, according to ShipMatrix.