Its first phase involves an investment of 5.8 billion yuan (3 million), and the second phase has an investment of 2.4 billion yuan.
JD has also rolled out VR/AR makeup features to help customers test multiple cosmetics on their own faces with real makeup effects, such as lip color finishes, before buying.
Its yearly battery production capacity reached 60 GWh. The company has the ability to quickly respond to market demand and increase production capacity. With the growth of battery demand in the new energy sector, it will appropriately expand the scale of power battery production capacity in a timely manner, the company said.
It’s a giant win for Microsoft and its budding cloud business that has been gaining market share on Amazon Web Services and continues to help power the company’s bottom line.
JD has been investing heavily in intelligent logistics operations, using drones, robotics and driverless vehicles for parcel delivery, aiming to bring down costs and transform the logistics industry.
JD, which was valued at billion by Bloomberg in January, is also preparing to operate in the United States by the end of the year, starting in Los Angeles. Liu told the Financial Times that the company wants to ensure 50 percent of its profits come from outside China within 10 years.
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It's necessary for many people to use the Hitch service in their Spring Festival commuting, the report said. During last year's Spring Festival travel rush, a total of 30.67 million people took Didi's service across cities to go home and to work.
Its shares have nearly tripled in the past year, squeezing short-sellers and baffling even some of the most bullish stock analysts.
JD Logistics lost over 2.3 billion yuan (2.9 million) in 2018, its 12th consecutive year to lose money. If the situation continues, Liu said, the company would only last for two more years.
J Scott Codespoti