Market Insight | JD LOGISTICS Soars Over 3% and Strikes a Strategic Partnership with Hongkong Post, Planning to More Than Double Overseas Warehouse Area by the End of Next Year

JD LOGISTICS rose more than 3%, as of the time of publication, it rose by 2.75% to HKD 14.2, with a turnover of HKD 99.8521 million. On the news front, JD LOGISTICS announced that the Global Network Plan will be fully upgraded to enhance the service experience for overseas brands and customers. By the end of 2025, the global overseas warehouse area is expected to grow by over 100%, while further expanding the layout of bonded warehouses and direct mail warehouses. Additionally, JD LOGISTICS will enhance international express coverage, allowing consumers from nearly 80 countries worldwide to receive deliveries from JD Express within the year. Of note, after the launch of JD's 11.11 spot sale on October 14, sales in the Hong Kong and Macau regions tripled in just 4 hours compared to the same period last year. Furthermore, JD Express announced a strategic partnership with Hongkong Post, allowing JD Mall users to choose nearby post offices or smart post stations for pick-up when shopping. Both parties have also launched the Hongkong Post "Self-Pickup" service. Starting as early as October 23, users sending parcels from the mainland to Hong Kong using JD Express can choose to pick up their parcels at 119 local post offices and 162 smart post stations in Hong Kong