Market Chatter: JD.com Food Deliveries Surpass 20 Million Daily

MT Newswires Live05-16

JD.com's (HKG:9618) food deliveries topped a daily volume of 20 million on Wednesday, more than two months after rebranding the service, The Standard reported Thursday.

The e-commerce platform also plans to launch a food and beverage physical infrastructure unit in Harbin, China, set to open June 18, the report said.

JD.com on Tuesday reported a 16% year-on-year increase in its first quarter revenue to 301.1 billion yuan.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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