See a comparison of annual buyers growth of Alibaba, JD, Pinduoduo here.
JD.com and Louis Vuitton launched cooperation in April, connecting Louis Vuitton directly with JD.com’s high-quality customers while further enhancing the luxury shopping experience on JD.com.
In the first quarter, JD.com has started new partnerships with a wide spectrum of luxury brands.
John Lobb, the luxury shoes and boots brand under Hermès Group, recently launched flagship stores on JD.com. Some brands went further to partner with JD.com in supply chain services.
Italian brand Marni not only launched a flagship store on JD.com, but also adopted a customized one-stop solution offered by JD.com, covering marketing, technology, and supply chain management.
With this service, customers can purchase directly from Marni’s inventory with the products delivered by JD Logistics.
During Q1 2021, JD Home entered into strategic cooperation with Honor, Xiaomi, OPPO, OnePlus, Realme, and other smartphone brands to collaborate on innovative omni-channel marketing initiatives, including in retail chain stores.
JD.com Inc‘s net revenues for the first quarter of 2021 were RMB203.2 billion (US$131.0 billion), an increase of 39.0% from the first quarter of 2020. Net service revenues for the first quarter of 2021 were RMB27.9 billion (US$4.3 billion), an increase of 73.1% from the first quarter of 2020.
Net income attributable to ordinary shareholders for Q1 2021 was RMB3.6 billion (US$0.6 billion), compared to RMB1.1 billion for the same period last year. Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 was RMB4.0 billion (US$0.6 billion), compared to RMB3.0 billion for the same period last year.
Diluted net income per ADS for the first quarter of 2021 was RMB2.25 (US$0.34), compared to RMB0.72 for the first quarter of 2020. Non-GAAP diluted net income per ADS for the first quarter of 2021 was RMB2.47 (US$0.38), compared to RMB1.98 for the same period last year.