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IN 2019 RICHARD LIU told couriers working for JD.com that the Chinese e-commerce giant would cancel their base pay after a 2.8bn yuan ($438m) loss the previous year, its 12th consecutive one in the red. Riders would make only a commission on deliveries. If the company did not cut back on spending, Mr Liu warned, it would go bust in two years.
Far from collapsing, two years on JD Logistics, JD.com’s delivery division, is on a roll, fuelled by a boom in Chinese e-commerce. Its parent company’s revenues jumped by 39%, year on year, in the first quarter, to 203bn yuan. On May 26th Pinduoduo, an upstart rival that also offers customers delivery by JD Logistics couriers, reported quarterly sales of 22bn yuan, 239% higher than a year ago.
Lieferdienste: Nicht gut, aber besser als andere Jobs (nd aktuell) neues-deutschland.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neues-deutschland.de Daily Mail and Mail on Sunday newspapers.