JD.com and Korean Shopping Site Lotte.com Announce Strategic Partnership
September 21 2015 - 8:46PM
JD.com, Inc. (NASDAQ:JD), China's largest online direct sales
company, today announced a strategic partnership with Lotte.com,
South Korea's leading online shopping site. JD.com customers will
be able to purchase products from Lotte through JD Worldwide, the
company's cross-border platform. Products will cover categories
including baby and maternity, cosmetics, fashion, everyday
household products, home appliances, food and Lotte-branded
products. In addition, the two parties will explore additional
potential areas of cooperation.
"The demand for products through Korean Mall has been strong and
partnering with Lotte, Korea's clear industry leader, will help us
meet the growing needs of our users," said JD Mall CEO Haoyu Shen.
"We are delighted that as China's largest e-tailer, our large and
growing base of upwardly mobile customers will now have access to a
wide range of Lotte's imported products."
"Lotte prides itself on providing a superior customer
experience, which is why we are so excited to be leveraging
JD.com's reputation for product authenticity and its unparalleled
logistics network," said Lotte.com CEO Hyeong Jun Kim. "JD.com's
outstanding users are the ideal audience for us as we look to
develop our business in China."
The announcement follows the successful launch in late March of
Korean Mall, which sells authentic imported Korean products on JD
Worldwide. Since its launch, dozens of Korean brands started to
sell their products to Chinese consumers through Korean Mall. The
best-selling product categories include personal care products and
cosmetics.
About JD.com, Inc
JD.com, Inc. is China's leading online direct sales company and
the country's largest Internet company by revenue. The Company
strives to offer consumers the best online shopping experience.
Through its content-rich and user-friendly website jd.com and
mobile applications, JD.com offers a wide selection of authentic
products at competitive prices and delivers products in a speedy
and reliable manner. The Company believes it has the largest
fulfillment infrastructure of any e-commerce company in China.
JD.com operated 7 fulfillment centers and a total of 166 warehouses
in 44 cities, and in total 4,142 delivery stations and pickup
stations in 2,043 counties and districts across China, staffed by
its own employees. JD.com is a member of the NASDAQ100.
About LOTTE.com
Inc:
Founded in 1996, LOTTE.com Inc. was the first online shopping
mall in Korea and is the primary business unit of Lotte Group. In
February 2014, the company launched Global.lotte.com for worldwide
customers and has achieved a growth rate of more than 30%. In
August of 2015, Lotte Group launched mobile services for the
Chinese market.
CONTACT:
Media Josh Gartner Senior Director of International
Communications +86 (10) 5895-9315 (China) +1 (914) 439-5315 (US)
Press@JD.com
Investor Relations Ruiyu Li Director of Investor Relations +86
(10) 5895-5597 IR@JD.com
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